0
General

Spain's CNMC green lights Masmovil's EUR 2 bln takeover of Euskaltel

Thursday 17 June 2021 | 08:56 CET | News
Spain's communications and competition regulator CNMC has given its unconditional approval to the first phase of the proposed takeover of the country's fifth biggest telecommunications operator Euskaltel by the fourth largest Masmovil. In a statement, the watchdog confirmed that the transaction does not pose a significant threat to the competitive situation since Euskaltel's nationwide presence is still limited in comparison to the country's four leading operators.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Euskaltel / Masmovil / R / Telecable / Virgin Telco
Countries: Spain
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Spanish FTTH subs top 12.2 mln in July, up 1.4 mln YoY

Published 22 Sep 2021 14:48 CET | Spain
The total number of active fibre to the home (FTTH) connections in Spain rose to 12.2 million at the end of July, up around 1.3 ...

Virgin Telco cuts price of unlimited data plans

Published 03 Sep 2021 10:40 CET | Spain
The nationwide Virgin Telco brand of Spanish operator Euskaltel has reduced the price of its unlimited data plans in a revamp of ...

Euskaltel and R launch student broadband offers

Published 18 Aug 2021 09:53 CET | Spain
Spanish regional operators Euskaltel and R, now Masmovil brands and present in Galicia and the Basque Country respectively, have ...

Euskaltel revenue up 1.5% in Q2, grows customer base 10% to 863,000

Published 28 Jul 2021 09:58 CET | Spain
Spain's fifth largest operator Euskaltel reported revenues of EUR 174.3 million in the second quarter of 2021, up 1.5 percent ...

Masmovil's Basque brand Guuk signs up 17,000 clients in first year

Published 15 Jul 2021 13:34 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, said its Basque brand 'Guuk' managed to ...

Spain's Virgin Telco offering discount to Eroski club members

Published 12 Jul 2021 10:10 CET | Spain
The Virgin Telco brand of Spain's fifth largest operator Euskaltel has followed its deal with Amazon by reaching a commercial ...

Digi, Virgin and Masmovil gain 72,000 mobile lines in May

Published 12 Jul 2021 09:13 CET | Spain
A total of 546,796 mobile line numbers were ported in Spain in May, up 1.9 percent year on year but down slightly on April's ...

Masmovil cleared by CNMV to finalise Euskaltel takeover - report

Published 06 Jul 2021 10:13 CET | Spain
Spain's financial markets regulator CNMV has approved the proposed takeover of Euskaltel by Masmovil, paving the way for the ...

Spain's Virgin Telco adds Amazon Prime to convergent plan

Published 02 Jul 2021 11:23 CET | Spain
The Virgin Telco brand of Spain's fifth largest operator Euskaltel has reached a new deal with Amazon to add the latter's Amazon ...

Spain's R gives all TV clients free access to Nat Geo Wild

Published 29 Jun 2021 16:00 CET | Spain
Spanish regional cable provider R, owned by Euskaltel and operating mainly in Galicia, has announced that all its TV subscribers ...

Spanish govt approves Masmovil's bid to take over Euskaltel - report

Published 24 Jun 2021 14:50 CET | Spain
The Council of Ministers of the Spanish government has given its approval to the proposed takeover of the country's fifth biggest ...

Spain's R launches EUR 19 a month fibre offer for second homes

Published 21 Jun 2021 15:05 CET | Spain
Spanish regional cable provider R, owned by Euskaltel and operating mainly in Galicia, has announced the launch of a cut-price ...

Euskaltel offers 'free' smartphones and double data in summer promo

Published 17 Jun 2021 14:35 CET | Spain
Spain's fifth largest operator Euskaltel has announced that all subscribers to its fibre plans will be able to access double the ...

Masmovil offering EUR 1 a month additional lines to convergent subs

Published 17 Jun 2021 14:09 CET | Spain
Spanish operator Masmovil has launched another time-limited summer promotion, this time aimed at users requiring additional ...

Spain's Masmovil launches EUR 2 bln bid to buy Basque operator Euskaltel

Published 29 Mar 2021 08:45 CET | Spain | Update: 29 Mar 2021 10:25 CET
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced a bid to take over ...

Consolidation 'good for the Spanish market' - Orange Spain CEO

Published 23 Feb 2021 11:27 CET | Spain
A future consolidation of telecommunications operators in Spain would be highly beneficial for an overly competitive local ...

Euskaltel begins Spain expansion under 'Virgin Telco' brand

Published 20 May 2020 14:35 CET | Spain
Spanish regional operator Euskaltel, mainly present in the Basque Country and Galicia, has begun its expansion into the rest of ...