Adamo Telecom Iberia
Fiber optic internet provider.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 19.4x EV/Revenue 40.3x EV/EBITDA | round | |
* | €350m | Debt | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 39 % | 42 % | 53 % | 79 % | 69 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 26 % | 27 % | 37 % | 40 % | 43 % | 48 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 2 % | 2 % | 4 % | (9 %) | (21 %) | (16 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Adamo Telecom Iberia S.A.U. operates as a key player in the Spanish telecommunications market, focusing on deploying and operating fiber-optic networks in rural and less populated areas. The company was originally founded in Sweden in 2007 by Fredrik Gillstrom and began its Spanish operations in 2013, establishing itself as a wholesale fiber operator. Ardian, a private investment house, acquired the company in 2017 and later sold it to the French investment fund Ardian Buyout in a secondary transaction in 2021. In a significant move in 2022, Keensight Capital acquired a minority stake in the company.
Adamo's business model is centered on providing high-speed broadband internet access through its proprietary Fiber-to-the-Home (FTTH) network. The company functions primarily as a wholesale operator, leasing its infrastructure to other telecommunication providers, which then offer retail services to end-users. This open-access network strategy allows multiple operators to utilize Adamo's infrastructure, fostering competition and expanding service availability in underserved regions. The company also offers services directly to residential and business customers in the areas where it has deployed its network.
The core service offering is high-speed fiber optic internet, with speeds that can reach up to 1,000 Mbps, a significant upgrade in areas that previously relied on older, slower technologies like ADSL. For business clients, Adamo provides tailored telecommunications solutions, including symmetrical high-speed internet, which is crucial for cloud-based services and data-intensive operations. By focusing on the digital divide, Adamo has carved out a substantial niche, targeting provincial and rural municipalities often overlooked by larger incumbents. This strategic focus has enabled the company to achieve significant network expansion, aiming to cover millions of homes across Spain.
Keywords: telecommunications, fiber optic, FTTH, wholesale operator, rural broadband, Spain, internet service provider, network infrastructure, open access network, digital divide