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Masmovil buys Lebara Spain for EUR 55 mln, adds 423,000 customers

2018-11-21 09:18:00| Telecompaper Headlines

(Telecompaper) Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced the acquisition of ethnic MVNO Lebara Spain for EUR 55 million, adding a total of 423,000 new prepaid clients to a customer base that recently passed 7 million. Lebara started operations in Spain back in 2007 and reported revenues of around EUR 50 million over the past 12 months. In a statement Masmovil said it expects to obtain operational synergies from the transactions due to the reduction of the costs of Lebara's MVNO contract with Vodafone expiring in April 2019, which will result in a post-synergy EBITDA of around EUR 24 million.

Tags: eur customers spain adds

Ineos buys Ashlands composites business for $1 billion

2018-11-19 18:09:21| Canadian Plastics Headlines

The deal, which is part of Ashland's plans to focus on specialty chemicals, also includes the sale of its butanediol manufacturing facility in Marl, Germany. The post Ineos buys Ashland’s composites business for $1 billion appeared first on Canadian Plastics.

Tags: business billion buys composites

Fashion-Enter buys Gloria Fashions in UK production boost

2018-11-19 12:19:00| Daily apparel & textile news and comment - from just-style.com

Two leading British fashion manufacturers are teaming up to offer more on-shore production, with social enterprise Fashion-Enter taking over British tailoring firm Gloria Fashions.

Tags: production boost gloria buys