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Wireless

Acotel confirms sale of Noverca MVNA to Telecom Italia

Monday 31 October 2016 | 09:51 CET | News
Italy's Acotel Group has confirmed that on 28 October it signed an agreement to sell 100 percent of its interest in Italian Mobile Virtual Network Aggregator (MVNA) Noverca to Telecom Italia. The companies had previously reached a deal to transfer Noverca's more than 170,000 MVNO customers to Telecom Italia back in January 2015. The sale of Noverca – the only MVNA currently present in the Italian market – values the company at EUR 4.5 million, which Acotel said will be adjusted by the value of Noverca's net debt at 31 October 2016, provisionally valued at approximately EUR 200,000, but

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Categories: Mobile & Wireless
Companies: Acotel / Noverca / Telecom Italia
Countries: Italy
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