0
Wireless

Masmovil closes EUR 361 mln Lycamobile Spain buy

Monday 15 June 2020 | 10:33 CET | News
Masmovil, Spain's fourth largest network operator, announced the closure of its deal to acquire Lycamobile Spain for a total of EUR 361 million just a few days after communications and markets watchdog CNMC cleared the transaction. The final figure is EUR 11 million than the EUR 372 million initially agreed in February, attributed to deterioration of the prepaid market during the country's Covid-19 lockdown.

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?



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: Mobile & Wireless
Companies: Lycamobile Spain / Masmovil
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 adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln

Published 23 Nov 2020 16:01 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 ...

Spain's Masmovil signs up to UN Global Compact

Published 20 Oct 2020 13:58 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has decided to sign up to the United ...

Spanish operators lost nearly 400,000 lines in April - CNMC

Published 18 Sep 2020 09:49 CET | Spain
The Masmovil group gained 12,840 lines gained across its Yoigo, Masmovil, Pepephone, Lebara, Hits Mobile, LlamaYa, Oceans and ...

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 ...

Spanish portability figures fell by 37% to 400,000 in March

Published 23 Jul 2020 09:38 CET | Spain
A total of nearly 400,000 mobile line numbers were ported in Spain in March, down 35.7 percent on the year-earlier figure due to ...

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 unveils new 'Guuk' brand in Basque Country

Published 03 Jul 2020 14:40 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has launched a new brand called 'Guuk' ...

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 ...

Spain's Netllar launches first fibre plans following Masmovil buy

Published 02 Jul 2020 09:38 CET | Spain
Spain's Netllar has launched its first fibre-based plans a year after Masmovil acquired the Valencia-based operator for around ...

CNMC fines Vodafone, BT, Orange, Masmovil for 902 premium number breach

Published 01 Jul 2020 09:07 CET | Spain
Spain's communications and competition regulator CNMC has fined the operators BT, Vodafone, Orange, Masmovil and Alai a total of ...

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 ...

Macquarie launches Spanish wholesale FTTH brand Onivia

Published 23 Jun 2020 15:45 CET | Spain
Australian infrastructure fund Macquarie Capital has teamed up with Aberdeen Standard Investments and Daiwa Corporate Investment ...

Masmovil launches EUR 6 a month screen repair insurance

Published 23 Jun 2020 10:18 CET | Spain
Spanish operator Masmovil has teamed up with Bibe Seguro and Caser to launch a new insurance service covering smartphone ...

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 ...

Lycamobile Spain offering up to 10GB extra data in summer promo

Published 01 Jun 2020 10:15 CET | Spain
Spanish MVNO Lycamobile, a Masmovil brand, has followed its recent launch of a rollover data option by adding extra data to all ...

Spain's Masmovil paid EUR 11 mln to acquire Hits Mobile - report

Published 20 May 2020 09:32 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, paid a total of EUR 10.75 million 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 ...

Lycamobile Spain launches rollover data option

Published 08 May 2020 15:02 CET | Spain
Spanish MVNO Lycamobile, a Masmovil brand, has become the latest operator to launch a rollover data option that allows ...

Spanish portability figures down 77% in April - report

Published 04 May 2020 16:02 CET | Spain
The temporary suspension of mobile number portability processes ordered by the Spanish government in March continued to adversely ...

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 ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
::: More Calendar Items