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Wireless

MasMovil completes funding for Yoigo, Pepephone buys

Tuesday 2 August 2016 | 08:46 CET | News
Spanish operator MasMovil announced the successful completion of the funding required to finalise its acquisitions of Yoigo and Pepephone. In a statement to Madrid's MAB alternative stock exchange, MasMovil said it had raised a total of EUR 806 million, 60 percent from debt and 40 percent from equity. Spain's competition authority is expected to issue its decision on the EUR 612 million takeover of Yoigo, agreed in June, and the EUR 158 million purchase of MVNO Pepephone, announced in April, in September or October.

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