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General

Orange Spain hires advisor for Euskaltel bid - report

Friday 18 January 2019 | 11:53 CET | News
Orange Spain has hired investment bank Credit Suisse as an adviser to look at Euskaltel ahead of a possible bid for the regional operator, reports TMT Finance. Euskaltel, which is present above all in the northern Spanish regions of the Basque Country, Galicia and Asturias, has a market value of EUR 1.3 billion and has been Orange's national roaming partner since 2014. A subsequent Reuters report said Orange is considering a bid for Euskaltel with a view to consolidating its market position as number two in Spain, according to an unnamed source.

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Categories: General
Companies: Euskaltel / Orange Spain / R / Telecable
Countries: Spain
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