Reintel Valuation, Funding & Investors

Reintel is valued at $2.6B as of December 2021.

Last Reintel valuation

$2.6B

Secondary · Dec 2021

Key investors in Reintel

Reintel Overview

About Reintel

Reintel operates dark fibre telecommunications infrastructure in Spain. Its network provides connectivity capacity to telecommunications operators and other customers that require dedicated fibre infrastructure. The company offers backbone network services for long distance connections, dedicated cable solutions, equipment housing and customized network arrangements. It manages fibre routes associated with electricity transmission infrastructure and railway corridors, giving it extensive geographic coverage. Reintel was established as the Red Electrica group’s telecommunications infrastructure subsidiary and later became jointly owned by Redeia and KKR. Its neutral network model allows customers to use the physical fibre infrastructure for their own communications services and capacity requirements across Spain.


HQ

SpainMadrid

Website

reintel.es

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$2.6B (Dec 2021)

Reintel Valuation

Reintel is currently valued at $2.6B, based on its secondary sale in December 2021. Read the announcement ↗

The round included KKR.

Reintel valuation by funding round

Reintel valuation by funding round
DateStageValuation
Dec 2021Secondary$2.6B

Reintel Funding History

Reintel has 1 recorded secondary share sale and no primary funding rounds.

Reintel funding rounds
DateStageInvestorsValuationDeal Summary
Dec 2021SecondaryKKR$2.6BRed Electrica Group and KKR announced a definitive agreement for KKR to acquire 49% of Reintel on December 16, 2021. The agreed consideration was EUR971 million for the minority stake, and the announcement expressly valued the entire business at an enterprise value of EUR2.3 billion. Red Electrica retained 51%, control and consolidation of the telecommunications subsidiary. KKR invested through its core infrastructure strategy and intended to support long term development of the network and opportunities associated with expanding communications demand, including 5G. Reintel operated more than 52,000 kilometers of dark fibre infrastructure at the time. The transaction followed a competitive sale process and remained subject to customary approvals. Completion was announced on June 29, 2022, with final stake consideration of EUR995.6 million; that closing represents the same agreement rather than another investment.

Who has invested in Reintel?

1 investor has backed Reintel across its funding rounds, including KKR.


Reintel Investors

Investors in Reintel by funding rounds participated
InvestorHQRoundsRoleFirst check

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Reintel Competitors

Reintel competitors include listed companies like Array Digital Infrastructure, Telesites, SUNeVision and IHS Towers, and private ones like Plume Design and BBL Company.

Public and private companies comparable to Reintel
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Plume DesignUnited StatesSan Francisco, CAPrivate--$2.6B-
Array Digital InfrastructureUnited StatesUnited StatesPublicly listed$163M-$2.6B17.3x
TelesitesMexicoMexicoPublicly listed$744M$628M$2.5B6.9x
SUNeVisionHong KongHong KongPublicly listed$397M$288M$2.5B10.7x
IHS TowersNigeriaNigeriaPublicly listed$1.6B$1.4B$2.8B3.0x
BBL CompanyNetherlandsGroningenPrivate--$2.2B-

Reintel Public Comps

Reintel is still privately-owned, but its public comps include Array Digital Infrastructure, Telesites, SUNeVision, IHS Towers, NetLink NBN, Helios Towers, Ligent Technologies, China Comservice, Chorus and HFCL.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Array Digital Infrastructure$163M-21.8x17.3x--
Telesites$744M$628M7.2x6.9x8.6x7.2x
SUNeVision$397M$288M11.2x10.7x15.5x14.5x
IHS Towers$1.6B$1.4B3.3x3.0x3.9x5.1x
NetLink NBN$323M$220M10.8x10.8x15.9x15.7x
Helios Towers$854M$489M5.7x5.2x10.0x9.3x
Ligent Technologies$1.3B$192M1.7x-11.0x-
China Comservice$23B$798M0.1x0.1x1.8x1.9x

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Common questions about Reintel

Where is Reintel headquartered?Reintel is headquartered in Madrid, Spain.
Is Reintel publicly listed?No, Reintel is a private, VC-backed company.
What is Reintel's valuation?Reintel was last valued at $2.6B in its secondary sale in December 2021.
Who are Reintel's investors?Reintel's investors include KKR.
Which companies are comparable to Reintel?Companies comparable to Reintel include Plume Design, Array Digital Infrastructure, Telesites, SUNeVision, IHS Towers and BBL Company.

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