MasMovil confirms EUR 158 mln Pepephone buy

Nieuws Mobiel Spanje 28 APR 2016
MasMovil confirms EUR 158 mln Pepephone buy

Spanish operator MasMovil has announced the acquisition of 100 percent of MVNO Pepephone for EUR 158 million, confirming earlier press reports. In a short statement to Madrid's MAB alternative stock exchange, the company confirmed the acquisition. The final amount paid is 12 times Pepephone’s EBITDA. The MVNO has over half a million customers in its domestic market and the deal serves to increase MasMovil’s mobile customer base close to the 1 million milestone, a figure that would rise even higher if the company succeeds in its EUR 550 million bid to acquire the 77 percent stake in mobile operator Yoigo owned by Telia.

According to recent reports, MasMovil made a last-minute offer to acquire Yoigo after Zegona, the investment vehicle behind regional broadband provider Telecable, failed to secure funding in time to finalise its EUR 630 million bid to acquire the stake.

Categories:

Mobiel

Companies:

Telecable,  Yoigo,  Masmovil,  Pepephone

Countries:

Spanje

Tags:

Wireless, M&A buyouts & divestments

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