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Masmovil acquires Galician MVNO Oceans for EUR 1 - report

Wednesday 19 February 2020 | 09:25 CET | News
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Spanish telecommunications group Masmovil, the country's fourth largest network operator, has acquired regional MVNO Oceans for an undisclosed amount, according to unnamed sources cited by business daily Expansion. The operator, present mostly in Galicia and with a registered office in La Coruna, has been in bankruptcy proceedings since 2018. It was launched in 2003 and initially offered mobile connectivity to rural parts of Galicia before expanding nationwide. No official details about the transaction have been disclosed but website Movilonia said Masmovil paid a symbolic sum of just EUR 1

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Categories: Mobile & Wireless
Companies: Masmovil / Ocean's
Countries: Spain
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