The transaction marks a significant shift for the OXG project, which serves as a cornerstone of Vodafone’s efforts to modernize digital connectivity in the region. Geodesia Holding, a subsidiary under billionaire Patrick Drahi’s Altice Group, offloaded its entire interest to the bank, effectively exiting the partnership.

While the specific financial terms of the agreement remain undisclosed, the inclusion of Societe Generale provides a stable capital foundation for the joint venture. Vodafone officials indicated that this new ownership structure is intended to accelerate the rollout of fiber networks, though the deal currently awaits mandatory clearance to proceed.