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General

Masmovil shareholders eyeing sale to rival after 2019 - report

Thursday 3 May 2018 | 10:53 CET | News
The shareholders of Spain's fourth largest network operator Masmovil are considering the possibility of selling the company to rival operators such as Vodafone and Orange within the next couple of years, reports business daily Expansion, citing unnamed sources. The company's shareholders, made up above all of venture funds and private investors, are hoping to cash in on the group's surging market value, which has more than doubled to over EUR 2.3 billion in the past year, said the report, adding that the conditions inevitably imposed on such a move by EU competition commissioner Margrethe

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Categories: General
Companies: Masmovil
Countries: Spain
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