Spanish fiber network provider Avatel draws bids from telecom giants
Avatel Telecom SL seeks buyers, attracting interest from Telefonica SA, H.I.G. Capital, PAI Partners, Searchlight Capital Partners, and Inveready. Founded by CEO Ignacio Aguirre, Chairman Victor Rodriguez, and Vice Chairman Jorge Gomez. Relies on Telefonica for wholesale agreement. Ranks as Spain's fifth-largest fiber-network operator, with a notable growth trajectory and numerous acquisitions.