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Vodafone negotiating EUR 6 bln acquisition of Spain's Masmovil - report
2020-09-25 09:53:00| Telecompaper Headlines
(Telecompaper) Vodafone has begun talks to acquire Spain's Masmovil with the three private equity funds who have just taken it over, according to unnamed sources cited by business daily El Economista. The transaction values Masmovil at around EUR 6 billion, including EUR 2 billion in debt, and would result in Spain's third largest operator acquiring the country's fourth. Market sources consulted in the report said a consolidation of Spain's leading operators is "inevitable" in view of an increasingly crowded market that expanded to 5 nationwide domestic operators earlier this year with the launch of Euskaltel's Virgin Telco brand.
Tags: report
eur
acquisition
vodafone
Key Masmovil shareholder accepts KKR, Cinven, Providence takeover bid
2020-09-10 09:26:00| Telecompaper Headlines
(Telecompaper) The third largest shareholder of Spanish operator Masmovil, the Indumenta Pueri holding of children's fashion brand Mayoral, has finally decided to accept the takeover bid by three US funds, said Masmovil in a filing at securities markets regulator CNMV. Mayoral's commercial director Rafael Dominguez had previously rejected the EUR 3 billion offer from KKR, Providence and Cinven as undervaluing the company but has now pledged to tender all of Indumenta Pueri's shares, said the filing. It currently has an 8.25 percent stake in the operator, with the holders of another 30 percent of the company previously committing to accept the EUR 22.50 a share offer.
Tags: key
bid
accepts
providence
Masmovil sales up 10% in Q2, confirms FY targets despite Covid effect
2020-07-28 09:35:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, continued to grow in the second quarter of 2020 in spite of strong Covid-19 impact, reporting revenues of EUR 453 million, up 10 percent year on year compared to a 16 percent growth in Q1. Service revenues came to EUR 416 million, up 18 percent, after the company managed to add 153,000 postpay and 108,000 fibre customers from April to June even after the portability process was temporarily suspended by the government. Adjusted EBITDA was up 28 percent year on year to EUR 143 million, with the company's EBITDA margin climbing to 27 percent in Q2 and 32 percent in H1, the latter up 5 percentage points.
Tags: sales
effect
targets
confirms
Masmovil confirms FY20 and FY21 guidance, bidders secure EUR 2 bln loan
2020-07-03 12:14:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has reiterated its full-year guidance for 2020 and 2021, taking into account the impact of the coronavirus epidemic on its business. In a filing with securities market regulator CNMV, the operator said it expected to achieve an adjusted EBITDA of EUR 570-600 million this year, with a margin of 30-32 percent, rising to EUR 670-700 million, with a margin of 32-34 percent in 2021.
Tags: eur
secure
loan
guidance
Equity firms set to buy MasMovil for $3.3bn
2020-06-02 02:00:00| Total Telecom industry news
Yesterday it was announced that Masmovil is set to be acquired by a trio of private equity firms: Providence Equity Partners, Cinven, and KKR. The announced deal values the Spanish operator at around $3.3 billion, making the deal, if it does go ahead, one of the largest to take place during the coronavirus pandemic…read more on TotalTele.com »