Antitrust Clearance: Brussels determined the deal raises no competition concerns due to the limited market share of the companies involved, processing it under a simplified review.
Strategic Initiative: The consortium aims to bid under the EU's AI Gigafactories Initiative, which seeks to build large-scale, sovereign cloud and artificial intelligence infrastructure across member states.
Public Investment: The Spanish government has authorized a €719 million public investment through the Ministry for Digital Transformation.
Ownership Structure: The three private giants (Santander, ACS, and Telefónica) will hold a combined 47% stake (15.67% each), alongside the Spanish state via SETT.
Locations: Spain's proposal features a multi-site setup planned for Móra la Nova (Tarragona) and San Fernando de Henares (Madrid).