Digi Communications announced plans to take its Spanish subsidiary public, targeting a valuation of up to 1.7 billion euros ($1.94 billion). The Romanian parent will offer newly issued shares worth 150 million euros alongside existing stock sales on Spanish exchanges. This marks a significant expansion strategy for the telecom operator beyond its home market.

Global Portfolio Investments has committed 100 million euros to the offering, contingent on the pricing reaching that maximum valuation. Following the IPO, Digi Romania will maintain at least 75% ownership of the Spanish operations, preserving control while raising capital. The deal structure suggests careful capital management to fund future growth without diluting majority control.

Net proceeds from the primary share issuance are expected to reach approximately 136 million euros, which Digi Spain will deploy toward growth projects. This capital injection could accelerate the subsidiary's expansion in Spain's competitive telecommunications market, where the company operates under the Digi Spain Telecom brand.

The IPO represents Digi Communications' first major public market move in Spain, potentially opening new funding channels for the approximately 3.5 million customer base it serves across fixed, mobile, and data services.