Digi Communications N.V. (BVB: DIGI), one of the leading European telecommunications operators, listed on the Bucharest Stock Exchange, announces that shares of its Spanish subsidiary, DIGI Spain Telecom S.A.U. (“DIGI Spain”), commenced trading today, 16 July 2026, on the Spanish Stock Exchanges through the Automated Quotation System (Mercado Continuo), under the ticker symbol “DIGIS”.
The listing follows the successful completion of DIGI Spain’s initial public offering, which raised approximately EUR 287 million through a primary and secondary offering and was multiple times oversubscribed, demonstrating strong demand from both international and domestic institutional investors. The offering value has the potential to increase up to EUR 330 million if the stabilization manager exercises the over-allotment option granted by Digi Romania. The offering was priced at EUR 5.60 per share, implying an initial market capitalization of approximately EUR 1.7 billion for DIGI Spain.
The stock market debut was inaugurated today by the traditional bell-ringing ceremony at the Madrid Stock Exchange Palace. The event was attended by Marius Vărzaru, Chief Executive Officer (CEO) of DIGI Spain, and Serghei Bulgac, Chief Executive Officer (CEO) of DIGI Communications, alongside members of the company’s Board of Directors, public officials, and representatives of the business and social community.
Serghei Bulgac, CEO of Digi Communications, stated: “Today marks an important milestone in the development of DIGI Spain and, above all, a recognition of the remarkable work of our colleagues in Spain over the past years. Through their dedication, ambition and relentless focus on customers, they have built one of the fastest-growing telecommunications operators in Europe. We are deeply grateful to our customers for the trust they have placed in us. The listing reflects the maturity and scale that DIGI Spain has achieved and validates the strength of the business we have built over the years. It also demonstrates the success of Digi Communications’ strategy of developing leading local telecommunications businesses across Europe through long-term investment in infrastructure, efficient operations and a customer-first approach.”
“Today is an extremely important day for us. DIGI’s entry into the Spanish stock market represents a turning point in our company’s journey and a powerful catalyst for its consolidation and growth – which, thanks to the strength of our business model, enjoys the trust of investors. It is a model built on continuous investment in our own infrastructure, technological innovation, operational efficiency, and strong commitment to offering our customers the best services at the best price”, emphasized Marius Vărzaru, CEO of DIGI Spain.
Following completion of the offering, Digi Communications, through Digi Romania S.A., retains approximately 80% of DIGI Spain’s share capital and continues to maintain control of the company.
The funds raised through the capital increase will support DIGI Spain’s long-term growth strategy, including the continued expansion of its proprietary telecommunications infrastructure and further development of its customer base in one of Europe’s most competitive telecommunications markets.
DIGI Spain continues to deliver strong operational momentum, reinforcing its position as DIGI Communications’ principal growth engine. The Spanish subsidiary has led the net portability rankings for fixed and mobile services for 17 consecutive quarters, and its revenue has already surpassed EUR 1 billion on an annualized basis, following the close of 2025 with EUR 929 million. During the first quarter of 2026, the company’s revenue increased by 16.4%, reaching EUR 252.2 million, while adjusted EBITDA reached EUR 50.6 million. Its own fiber-optic network covers 14.2 million households, with a medium-term target of expanding to approximately 21 million homes. Furthermore, it has been recognized by Ookla as the fastest fixed broadband network in Spain for five consecutive years, and the company has now a team of 11,721 people. Moreover, in Q1 2026, DIGI Spain increased its total revenue generating units (RGUs) by 25.9% year-on-year to 11.4 million. Mobile services reached 7.6 million RGUs, up 21.5% compared to the first quarter of 2025, while broadband services increased by 30.4% to 2.8 million RGUs, continuing the strong commercial momentum across the Spanish market.
For 2026, DIGI Spain expects revenues of between EUR 1.04 billion and EUR 1.085 billion, representing annual growth of between 11.9% and 16.8% compared to 2025, supported by continued customer growth and ongoing investment in proprietary telecommunications infrastructure.
DIGI Spain’s shares are admitted to trading on the Barcelona, Bilbao, Madrid and Valencia Stock Exchanges through the Automated Quotation System (Mercado Continuo). Barclays, UBS and Banco Santander acted as Joint Global Coordinators for the IPO, alongside BNP Paribas, Citi, BBVA, CaixaBank and ING, while Rothschild & Co served as the company’s independent financial advisor.
DIGI Communications currently operates telecommunications businesses in Romania, Spain, Italy, Portugal, Belgium and the United Kingdom. While Romania remains the Group’s largest and most profitable operation, Spain has become its primary growth driver, reflecting the successful execution of DIGI’s long-term strategy of building leading telecommunications businesses across Europe.