Singapore’s sovereign wealth fund GIC has agreed to acquire a 25% stake in a new Spanish broadband joint venture formed by MasOrange and Vodafone Spain. The venture, which will become the largest fiber-optic company in Spain, covers 12 million premises and is valued between €6 billion and €7 billion. The deal involves a total investment of approximately $1.6 billion by GIC. The joint venture carries €5.4 billion in debt, with MasOrange receiving €3.2 billion in proceeds to reduce its debt and Zegona obtaining €1.4 billion to enhance its financial flexibility. Separately, the debt restructuring plan for Altice France has been approved by the court, potentially paving the way for the sale of its telecom operator SFR. The agreement grants creditors a 45% stake in Altice France, which could facilitate the divestment of SFR.