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Wireless

Masmovil finalising acquisition of Lycamobile Spain for EUR 370 mln - report

Monday 2 March 2020 | 08:59 CET | News
Spanish telecommunications group Masmovil, the country's fourth largest network operator, is close to finalising the acquisition of 100 percent of the shares of MVNO Lycamobile Spain for an undisclosed amount, according to unnamed sources cited by business daily Expansion. The subsidiary of the UK-based Lycamobile group mostly targets the ethnic market in Spain and has an EBITDA of around EUR 40 million, meaning the transaction could close in the region of EUR 360 million to EUR 380 million, said the sources.

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Categories: Mobile & Wireless
Companies: Lycamobile / Lycamobile Spain / Masmovil
Countries: Spain
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