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Wireless

MasMovil completes acquisition of Spanish MVNO Pepephone

Wednesday 14 September 2016 | 08:48 CET | News
Spanish operator MasMovil has closed the acquisition of MVNO Pepephone after the transaction was approved by communications and competition regulator CNMC. In a statement, MasMovil said it has bought 100 percent of shares of Pepe World SL, Pepe Mobile SL and Pepe Energy SL (94.99 percent), jointly called "Pepephone", for EUR 158 million, around 12 times the MVNO's total EBITDA. Pepephone ended 2015 with just under half a million mobile customers, 97 percent of them on contracts, and revenues of EUR 64 million in its domestic market.

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Categories: Mobile & Wireless
Companies: Masmovil / Pepephone / Telecompaper / Yoigo
Countries: Spain
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