Red Eléctrica Corporación


Red Eléctrica buys 90% Hispasat stake for €949 million

Spanish electricity and telecommunications infrastructure firm, Red Eléctrica Corporación, has agreed to buy Abertis’ 89.68% stake in satellite operator Hispasat for €949 million. The deal was agreed by Red Eléctrica subsidiary Red Eléctrica Sistemas de Telecomunicaciones (RESTEL) and will allow the firm to expand its telecoms business into new customer segments and geographical areas. “Moreover, […]