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General

MasMovil's Xtra Telecom acquisition to include Happy Movil

Thursday 17 July 2014 | 09:55 CET | News
The recently-announced deal between Spanish telecommunications provider MasMovil Ibercom and The Phone House Holdings to acquire the latter's Spanish unit Xtra Telecom will also include Happy Movil, the Spanish MVNO of The Phone House. MasMovil last week confirmed that it would be paying less than 6 times Xtra Telecom's EBITDA to acquire 100 percent of the share capital. No further details of the transaction have been revealed, other than that it will serve to double the size of MasMovil Ibercom. The company that resulted from the merger of Spanish operators Ibercom and MasMovil last week

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Categories: General
Companies: Happy Movil / Ibercom / Masmovil / Quantum Telecom / The Phone House
Countries: Spain
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