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Wireless

MasMovil Ibercom announces capital hike to fund acquisitions

Thursday 8 May 2014 | 11:42 CET | News
Spanish telecommunications provider MasMovil Ibercom has announced its intention to proceed with a capital increase of EUR 24.5 million to finance its mergers and acquisitions strategy. The company, which resulted from the recent merger of Spanish operators Ibercom and MasMovil, said that it had already received expressions of interest from institutional investors wanting to inject capital and take up relevant positions within the group The main aim of the capital hike is to fund the acquisition of one or more companies to expand its MVNO, OTT and wholesale distribution activities, the

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