Kartesia announces investment in Spanish telecoms operator Ahi +
Kartesia has arranged a €68m Senior Secured loan mainly to finance the expansion of Ahi+ in its drive to consolidate the rural telecoms market in Spain.
The investment has been made from Kartesia’s KCO IV fund and was led by Jaime Prieto, Managing Partner and Guillermo Ferre, Investment Manager.
Founded in 2016 by entrepreneurs with a successful and extensive track record in the industry, Ahi+ has successfully led the consolidation process in the rural segment. The Company provides internet services and telecommunication solutions in cities/towns of less than 25,000 inhabitants, where it has built its own infrastructure, offering internet access in rural areas and aiming to provide a wide quality range of services such as FTTH, Wimax/Wifi, TV, mobile and landline coverage. After a significant growth process organically and through acquisitions, the Company today has over 240,000 services, c. 250,000 HH passed by own FTTH and +350 points of sale.
José Carlos Oya, President of Grupo Ahi+, commented: “We are excited to be working with Kartesia as we take the next step in our exciting growth journey and continue to consolidate the rural Spanish market. Kartesia has a proven track record in providing flexible credit solutions, making them the perfect partner for us moving forwards.”
Jaime Prieto, Managing Partner at Kartesia, commented: “We are pleased to partner with Ahi+ and to contribute to the expansion of the company’s model across Spain, one that improves the quality and breadth of services in the rural communities.”