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- Reintel
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$2.6B (Dec 2021)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Secondary | $2.6B |
Reintel Funding History
Reintel has 1 recorded secondary share sale and no primary funding rounds.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Secondary | KKR | $2.6B | Red 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Reintel investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialReintel Competitors
Reintel competitors include listed companies like Array Digital Infrastructure, Telesites, SUNeVision and IHS Towers, and private ones like Plume Design and BBL Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Publicly listed | $163M | - | $2.6B | 17.3x | ||
| Publicly listed | $744M | $628M | $2.5B | 6.9x | ||
| Publicly listed | $397M | $288M | $2.5B | 10.7x | ||
| Publicly listed | $1.6B | $1.4B | $2.8B | 3.0x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $163M | - | 21.8x | 17.3x | - | - | |||
| $744M | $628M | 7.2x | 6.9x | 8.6x | 7.2x | |||
| $397M | $288M | 11.2x | 10.7x | 15.5x | 14.5x | |||
| $1.6B | $1.4B | 3.3x | 3.0x | 3.9x | 5.1x | |||
| $323M | $220M | 10.8x | 10.8x | 15.9x | 15.7x | |||
| $854M | $489M | 5.7x | 5.2x | 10.0x | 9.3x | |||
| $1.3B | $192M | 1.7x | - | 11.0x | - | |||
| $23B | $798M | 0.1x | 0.1x | 1.8x | 1.9x | |||
This data is available for Pro users. Sign up to see all Reintel competitors and their valuation data. Start Free Trial | ||||||||
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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