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Wireless

MasMovil confirms EUR 158 mln Pepephone buy

Thursday 28 April 2016 | 14:44 CET | News
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

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