New strategic alliances were announced yesterday in the Spanish Telecommunications market. The Euskaltel Group, which has operated under the Virgin Telco brand throughout the national territory since last May 20th, reached an agreement with Adamo to access its fiber optic network.

Some details of the agreement:

• It will allow Euskaltel to access more than 1 million homes, especially in rural areas.

• It will have an initial validity period of five years that could be extendable by mutual agreement.

• Euskaltel will access the Adamo network in Bitstream mode.

• In order to have a “fully satisfactory and efficient” commercial activity, Euskaltel will also have access to all the necessary equipment and technical systems.

During last March, Adamo closed a new financing amounting to 250 million euros, with the aim of reaching 1.5 million homes by the end of this 2020. A strategy very focused on the popular “España vaciada” (rural parts of Spain with limited or no access to the Internet).

Part of that amount (about 100 million) was used to repay the loan obtained during the previous year and that allowed Adamo to reach one million homes at the end of 2019.

Adamo takes another step to establish itself as the leading operator in Spanish rural areas.