Euskaltel board recommends acceptance of Masmovil acquisition
Consolidation among Spanish operators got one stap closer after the board of Euskaltel recommended its shareholders accept Masmovil’s €2 billion acquisition bid.
Consolidation among Spanish operators got one stap closer after the board of Euskaltel recommended its shareholders accept Masmovil’s €2 billion acquisition bid.
The Spanish government has announced it will auction the 700 MHz by mid-July for the deployment of 5G networks in the country, and has improved commercial terms to encourage bids.
Just months after Euskaltel launched its play for nationwide presence in Spain, the market’s most aggressive competitor MasMovil has swooped in and snapped it up.
MasMovil has reopened discussions with Vodafone about a possible merger of their Spanish businesses, according to local press reports.
MásMóvil is making a lot of noise about being Spain’s largest fibre operator, claiming it has the broadest FTTH footprint of all four players.
MásMóvil has launched a new range of financial services products, including personal loans of up to €60,000, putting it well on its way to becoming a bank.
Masmovil has taken things to the next level with the acquisition of an electricity and gas provider that significantly increases its presence in the energy space.
Portugal has concluded the first part of its latest spectrum auction and it appears Masmovil has come out on top and will therefore become the country’s new mobile network operator.
Talk of a merger between Vodafone and Masmovil has resurfaced – and been denied – but market watchers in Spain remain convinced that consolidation is back on the agenda.
Shareholders of Spain’s Másmóvil have voted overwhelmingly in favour of a €3 billion takeover deal that will take the company private.
Masmovil’s proposed takeover bid undervalues it by around €1 billion according to one of its smaller investors.
KKR, Cinven and Providence have combined forces to buy Spanish telco MasMovil, but with depressed share prices and regulatory opinions shifting, it could just be the first corporate transaction.
Ericsson announced some positive news for once with the signing of a strategic agreement with MásMóvil to provide a bunch of network evolution and support services.
Spain’s fourth mobile network operator, Yoigo, has been sold by its parent company Telia to Spanish telco Masmovil to create a multiplay challenger.
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