Telecommunications company Digi officially announced its intention to carry out an initial public offering for the listing of its Spanish subsidiary on the stock exchanges in Madrid, Barcelona, Bilbao, and Valencia in a press release published on Monday, June 29.  The offering will include newly issued shares worth approximately EUR 150 million, to which is added a secondary component of shares sold by Digi Romania S.A., the sole shareholder of the Spanish subsidiary. A Spanish institutional investor with long-standing experience in listed shares and sector expertise in telecommunications, Global Portfolio Investments, has already made a firm commitment of EUR 100 million, conditional on a pre-money valuation of a maximum of EUR 1.7 billion.  After completion of the transaction, including in the case of full exercise of the 15% over-allotment option, Digi Romania will retain at least 75% of Digi Spain. Net proceeds from the primary offering, estimated at around EUR 136 million euros, will mainly go toward expanding the fiber optic network and mobile infrastructure, while maintaining a prudent level of indebtedness.