Singapore’s GIC to take 25% stake in Spanish broadband venture: Report
Singapore’s sovereign wealth fund GIC is set to take a 25% stake in a fibre optic broadband venture between MasOrange and Vodafone Spain, the Financial Times reported on Monday, citing people familiar with the matter.
GIC’s investment in the company will be announced as soon as Monday, the report said, adding that its stake would be worth about 1.4 billion euros ($1.6 billion).
