0
General

KKR, Cinven, Providence launch EUR 3 bln bid to take over Masmovil

Monday 1 June 2020 | 09:14 CET | News
Update: 1 June 2020 | 10:51 CET
Three buyout funds have launched a joint bid to take over Spanish telecommunications provider Masmovil, the country's fourth largest network operator, according to a statement filed with securities market regulator CNMV. A consortium called Lorca Telecom BidCo made up of investment firms KKR, Cinven and existing shareholder Providence has offered EUR 22.50 per Masmovil share, some 20 percent more than their current price and equivalent to an overall business value of just under EUR 3 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[01/06/2020 10:51- Update: Adds official confirmation of bid and Masmovil statement.]


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Lebara / LlamaYa / Masmovil / Yoigo
Countries: Spain
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Masmovil shareholders back stock market delisting

Published 27 Oct 2020 08:55 CET | Spain
The board of Spanish operator Masmovil, the country's fourth largest network operator, has approved its stock market delisting ...

Vodafone-Masmovil merger 'more bluff than reality' - CEO

Published 07 Oct 2020 09:14 CET | Spain
The chief executive of Spain's Masmovil, Meinrad Spenger, has moved to dampen rumours regarding the possible purchase of Masmovil ...

Polygon lodges appeal against Masmovil takeover bid

Published 02 Oct 2020 14:48 CET | Spain
UK investment fund Polygon has lodged a contentious-administrative appeal before Spain's Audiencia Nacional court against the ...

Vodafone negotiating EUR 6 bln acquisition of Spain's Masmovil - report

Published 25 Sep 2020 09:53 CET | Spain | Update: 25 Sep 2020 12:20 CET
Vodafone has begun talks to acquire Spain's Masmovil with the three private equity funds who have just taken it over, according ...

Masmovil to hold board meeting on stock market delisting on 26 October

Published 23 Sep 2020 10:18 CET | Spain
Spanish operator Masmovil, the country's fourth largest network operator, has announced that it will hold a board a meeting to ...

Over 86% of Masmovil shareholders back takeover bid - report

Published 17 Sep 2020 15:24 CET | Spain
The vast majority of shareholders in Spanish operator Masmovil, the country's fourth largest network operator, have accepted a ...

Masmovil set to leave Spain's Ibex 35 after shareholders back takeover bid - report

Published 14 Sep 2020 09:25 CET | Spain
Spanish operator Masmovil, the country's fourth largest network operator, is set to cease trading on the Ibex 35 benchmark stock ...

Key Masmovil shareholder accepts KKR, Cinven, Providence takeover bid

Published 10 Sep 2020 09:26 CET | Spain
The third largest shareholder of Spanish operator Masmovil, the Indumenta Pueri holding of children's fashion brand Mayoral, has ...

Samson Rock Capital hikes Masmovil stake to 1.7%

Published 27 Aug 2020 09:06 CET | Spain
UK-based investment fund Samson Rock Capital has increased its stake in Spanish telecommunications provider Masmovil to 1.7 ...

Masmovil takeover 'seriously damages' shareholder interests - Polygon

Published 24 Aug 2020 14:35 CET | Spain
The bid to take over Spanish operator Masmovil launched by three buyout funds "seriously damages" the interests of shareholders ...

Masmovil buyers commit to keeping jobs and strategic plan

Published 24 Aug 2020 09:49 CET | Spain
The board of directors of Spanish operator Masmovil said the buyout funds KKR, Providence and Cinven funds have committed to ...

Masmovil board welcomes KKR, Cinven, Providence bid; one member objects to price

Published 07 Aug 2020 17:10 CET | Spain
Spanish operator Masmovil said its board issued a favourable view of the EUR 3 billion takoever bid for the company made by ...

Masmovil sales up 10% in Q2, confirms FY targets despite Covid effect

Published 28 Jul 2020 09:35 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, continued to grow in the second ...

Masmovil shareholder repeats conflict of interest claims over EUR 3 bln bid

Published 20 Jul 2020 13:59 CET | Spain
UK-based investment fund Polygon has again written to the board of Spanish operator Masmovil to request clarification about ...

Masmovil reaches exclusive collaboration and promotions deal with Amazon

Published 07 Jul 2020 13:54 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has signed an agreement to become ...

Masmovil confirms FY20 and FY21 guidance, bidders secure EUR 2 bln loan

Published 03 Jul 2020 12:14 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has reiterated its full-year ...

Masmovil shareholders terminate lock-up agreement

Published 30 Jun 2020 15:03 CET | Spain
Several of the main shareholders of Spanish operator Masmovil have terminated an agreement in place since 2016 under which they ...

Masmovil shareholder asks CNMV to probe EUR 3 bln takeover

Published 24 Jun 2020 15:58 CET | Spain
UK-based investment fund Polygon has asked Spanish securities market regulator CNMV to examine the validity of the joint bid to ...

Masmovil sells 1 mln more FTTH units for around EUR 400 mln

Published 15 Jun 2020 15:05 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced the sale of just over ...

Masmovil launches business Wi-Fi service for EUR 6 a month

Published 11 Jun 2020 15:26 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has launched a new low-cost hotspot ...

CNMC clears Masmovil's EUR 372 mln acquisition of Lycamobile Spain

Published 08 Jun 2020 09:55 CET | Spain
Spain's communications and markets watchdog CNMC has approved the Masmovil group's acquisition of MVNO Lycamobile Spain without ...

Orange Spain rules out Masmovil counterbid

Published 05 Jun 2020 14:26 CET | Spain
Orange has dismissed press reports suggesting it was contemplating a counterbid for Spanish telecommunications provider Masmovil, ...

BlackRock hikes Masmovil stake to 6.5%, yet to back takeover

Published 03 Jun 2020 09:11 CET | Spain
US investment fund BlackRock has further increased its stake in Spanish telecommunications provider Masmovil, the country's ...

Spain's Pepephone launches new convergent plan, doubles fibre speeds

Published 02 Jun 2020 11:55 CET | Spain
Spanish operator Pepephone, a Masmovil brand, has doubled the fibre speed of its premium convergent plan and launched a new ...

Yoigo to launch first mobile only plan with unlimited data

Published 01 Jun 2020 10:02 CET | Spain
The Yoigo brand of Spanish operator Masmovi will roll out its first mobile only plan with unlimited data later this week to ...

Masmovil adds 373,000 customers in Q1, confirms full-year guidance

Published 14 May 2020 10:12 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 445 ...

Capital Research acquires 3% stake in Spain's Masmovil

Published 07 May 2020 10:29 CET | Spain
US investment fund Capital Research has acquired a 3.053 percent stake in Spanish telecommunications group Masmovil, the ...

Orange Spain to continue fibre rollout to reach 18 mln homes

Published 30 Apr 2020 15:38 CET | Spain
Orange Spain intends to continue expanding its fibre-optic network throughout the country in spite of the coronavirus (Covid-19) ...

Spanish telecom market revenues flat at EUR 6.4 bln in Q4, Masmovil up 19% YoY

Published 22 Apr 2020 10:22 CET | Spain
Total revenues for the Spanish telecommunication and audiovisual retail sector were EUR 6.39 billion in the final quarter of ...

Masmovil interested in buying MVNO Ahi+ for EUR 130 mln - report

Published 06 Apr 2020 08:58 CET | Spain
Masmovil's decision to exercise its purchase option should see the acquisition finalised by July, according to unnamed sources ...

Masmovil buys MVNO Lycamobile Spain for EUR 372 mln

Published 02 Mar 2020 10:11 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced an agreement to acquire ...

Masmovil finalising acquisition of Lycamobile Spain for EUR 370 mln - report

Published 02 Mar 2020 08:59 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, is close to finalising the acquisition ...

Masmovil FY revenues hit EUR 1.7 bln after adding 1.4 mln subs in 2019

Published 28 Feb 2020 09:47 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.68 ...

MasMovil seeks investors for fibre network in Portugal - report

Published 03 Feb 2020 10:52 CET | Portugal
MasMovil and the Gaea Inversion group, which controls Portuguese telecom companies Nowo and Oni, are in contact with several ...

Masmovil pays off Providence debt, adds new board member

Published 30 Dec 2019 09:24 CET | Spain
Masmovil announced it has paid off its convertible loan from Providence. As a result, one of Providence's two representatives on ...

BlackRock increases Masmovil stake to over 5%

Published 06 Dec 2019 11:35 CET | Spain
US investment fund BlackRock has increased its stake in Spanish telecommunications provider Masmovil, the country's fourth ...

Masmovil refinances loan to save EUR 9 mln a year

Published 11 Nov 2019 10:28 CET | Spain
Spanish operator Masmovil has announced an agreement to reduce the interest rate on its EUR 1.45 billion senior debt loan to take ...

Masmovil sells 940,000 FTTH units to Macquarie for EUR 218.5 mln

Published 06 Nov 2019 10:25 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced the sale of around ...

Masmovil grows EBITDA record 40% in Q3, gains 1 mln customers this year

Published 30 Oct 2019 09:44 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues of EUR ...

Masmovil directors acquire EUR 31 mln of company shares

Published 10 Sep 2019 11:04 CET | Spain
Members of Masmovil's board of directors, its management team and major shareholders have acquired company shares worth around ...

Masmovil sales surge 21% in Q2, adds over 300,000 customers

Published 25 Jul 2019 12:04 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported record net revenues of EUR ...

Masmovil closes EUR 100 mln capital hike

Published 08 May 2019 11:25 CET | Spain
Spanish operator Masmovil announced that two leading international banks have fully subscribed to a EUR 100 million capital ...

Masmovil inks deal to repurchase EUR 883 mln Providence bond, refinance debt

Published 01 Apr 2019 10:57 CET | Spain
Spanish operator Masmovil has announced an agreement with private equity firm Providence Equity Partners for the repurchase of an ...





Calendar   /   Industry Events

30 Oct MediaTek Q3
30 Oct Millicom Q3 2020
30 Oct Shaw Communications fiscal Q4
30 Oct Charter Communications Q3 2020
30 Oct Rovio Q3 2020
30 Oct Tecnotree Q3 2020
30 Oct Proximus Q3 2020
30 Oct KDDI fiscal Q2
02 Nov Arista Q3 2020
02 Nov Skyworks fiscal Q4
02 Nov Idemia Q3 2020
02 Nov Cirrus Logic fiscal Q2
02 Nov Ceragon Networks Q3 2020
02 Nov SBA Communications Q3
02 Nov Adtran Q3 2020
02 Nov Neophotonics Q3 2020
02 Nov Lumentum fiscal Q1
02 Nov Web Summit
03 Nov TIM Q3 2020
03 Nov Oteclo Q3 2020
04 Nov Fitbit Q3
04 Nov Cellnex Q3
04 Nov Syn Q3 2020
04 Nov Magyar Telekom Q3 2020
04 Nov Liberty Latin America Q3 2020
04 Nov Smith Micro Q3 2020
04 Nov Qorvo fiscal Q2
04 Nov Telecom Italia Q3 2020
04 Nov Liberty Global Q3 2020
04 Nov Softbank fiscal Q2
::: More Calendar Items