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KKR, Cinven, Providence looking to jointly take over Masmovil - report
2020-06-01 09:14:00| Telecompaper Headlines
(Telecompaper) A consortium of three buyout funds are preparing a joint bid for Spanish telecommunications provider Masmovil, the country's fourth largest network operator, according to unnamed sources cited by El Confidencial. KKR, Cinven and existing shareholder Providence are finalising a takeover proposal that values the company's shares at around EUR 23, some 25 percent more than their current price and equivalent to an overall business value of just over EUR 3 billion, said the report, adding that the takeover bid is mainly aimed at minority investors, which account for around 60 percent of the capital.
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Masmovil to acquire Lycamobile Spain for 372 million
2020-03-03 01:00:00| Total Telecom industry news
Masmovil has announced that it will be purchasing the world’s largest mobile virtual network operator (MVNO), Lycamobile Spain, for €372 million. The Lycamobile brand will be retained following the acquisition. "We are very pleased to incorporate Lyca into our Group as it fits perfectly into our commercial strategy…read more on TotalTele.com »
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Masmovil buys MVNO Lycamobile Spain for EUR 372 mln
2020-03-02 10:11:00| Telecompaper Headlines
(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.
Masmovil FY revenues hit EUR 1.7 bln after adding 1.4 mln subs in 2019
2020-02-28 09:47:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.68 billion for 2019, up 16 percent year on year, and service revenues of EUR 1.46 billion, up 24 percent, after adding some 1.4 million mobile and fibre customers over the period. Adjusted EBITDA was up 42 percent year on year to EUR 468 million, with the company's EBITDA margin rising 5 percentage points to 28 percent. Full-year profit climbed 32 percent on a reported basis to EUR 93 million, impacted by EUR 108 million non-cash financial expenses related to a convertible bond acquisition in Q2 and a EUR 144 million capital gain derived from the sale of 1 million residential fibre units to Macquarie in Q4.