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Wireless

MasMovil completes EUR 160 mln capital hike

Wednesday 27 July 2016 | 09:23 CET | News
Spanish operator MasMovil announced the successful completion of a EUR 160 million capital increase led by private equity firm Providence Equity. In a statement to Madrid's MAB alternative stock exchange, MasMovil said it placed 8.2 million shares at EUR 19.55 per share to institutional and qualified investors. Including the previously announced convertible bonds issue, the operator has obtained a total of EUR 325 million to help fund its its EUR 612 million takeover of Yoigo, Spain's number four mobile operator, agreed in June, as well as its EUR 158 million purchase of MVNO Pepephone,

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