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Spain's Aire Networks completes EUR 30 mln LCRcom buy

Monday 8 June 2020 | 08:53 CET | News
Spain's Aire Networks, which operates under the Ion Mobile brand, has completed the acquisition of SME-focused MVNO LCRcom for a total of EUR 30 million, reports Expansion. The transaction has already been approved by communications and markets watchdog CNMC and was funded by the Magnum Capital fund, said the report, adding that LCRcom will now become the group's business division under its current sales director Carlos Gato, helping Aire Networks hit revenues of around EUR 90 million in 2020.

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Categories: Mobile & Wireless
Companies: Aire Networks / ION Mobile
Countries: Spain
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