(Telecompaper) Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced an agreement to acquire 100 percent of the shares of MVNO Lycamobile Spain for a total of EUR 372 million, confirming earlier reports. The subsidiary of the UK-based Lycamobile group has been targeting the ethnic market in Spain since its launch in 2010 and reported revenues of EUR 132 million and an EBITDA of around EUR 45 million last year.