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Tag: masmovil
Spain's Masmovil launches EUR 2 bln bid to buy Basque operator Euskaltel
2021-03-29 08:45:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced a bid to take over rival firm Euskaltel for around EUR 2 billion...
Spanish consolidation begins with Masmovil and Euskaltel
2021-03-29 02:00:00| Total Telecom industry news
It has long been suggested that the highly competitive Spanish telecoms market was ripe for consolidation. Now, Masmovil has approached Basque-based operator Euskaltel with a purchase offer of around €2 billion. According to Masmovil, shareholders holding 52.32% of Euskaltel&rsquo…read more on TotalTele.com »
Tags: spanish
begins
consolidation
euskaltel
Masmovil wins spectrum in Portugal to become new MNO
2021-01-15 01:00:00| Total Telecom industry news
In November last year, the Portuguese regulator Anacom made waves when it announced that it was reserving some 900 MHz and 1,800 MHz spectrum for a new entrant to the mobile market. On top of this, the auction name favourable conditions for the new player, including price breaks on the spectrum…read more on TotalTele.com »
Tags: new
portugal
spectrum
wins
Vodafone Spain and Masmovil exploring merger without acquisition - report
2020-11-24 15:29:00| Telecompaper Headlines
(Telecompaper) After denying press reports regarding imminent takeovers, Vodafone and Spain's Masmovil are now exploring the possibility of merging their respective businesses without a sale or acquisition, according to unnamed sources cited by business daily El Economista. Such a move would require setting up a new entity in which Vodafone would hold a majority stake of between 60 and 80 percent, said the report, adding that the UK multinational has previously managed to merge its local businesses in the Netherlands, Australia and New Zealand with rival fixed line operators without a cash disbursement.
Tags: report
spain
acquisition
exploring
Masmovil adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln
2020-11-23 16:01:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 percent year on year to EUR 1.27 billion in the first 9 months of the year after adding over 500,000 customers in the third quarter alone. Recurring 9-month EBITDA was up 27 percent year on year to EUR 428 million and also rose by 27 percent in the third quarter to EUR 152 million, with the quarterly EBITDA margin rising to 31 percent. The operator, which has recently been acquired by the Lorca Telecom consortium of buyout funds KKR, Cinven and Providence, described the results as "solid" and "in line with forecasts" in spite of the special circumstances arising from the pandemic.