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Wireless

MasMovil closes Neo acquisition, adds 4G network

Monday 18 May 2015 | 14:21 CET | News
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Spanish telecommunications provider MasMovil Ibercom has closed the acquisition of 100 percent of business-focused telecoms operator Neo. In a statement MasMovil revealed it had paid 6.5 times the value of Neo's EBITDA to acquire the operator, giving it exclusive access to Neo's high-speed 4G network deployed on the 3.5 GHz band. MasMovil added that Neo is present in 25 Spanish provinces, 191 towns and 22 of Spain's largest metropolitan areas, covering around 75 percent of the Spanish business sector. It also has more than 100 LTE base stations, allowing MasMovil to reach hitherto

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Categories: Mobile & Wireless
Companies: Masmovil
Countries: Spain
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