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General

Spain's Eurona acquires Quantis Global for EUR 25 mln

Monday 8 August 2016 | 08:52 CET | News
Spanish WiMax and satellite services provider Eurona has announced the acquisition of the telecommunications companies Quantis Global, Hablaya, Sultan Telecom and Stonework for a total of EUR 43 million. In a statement to Madrid's MAB alternative stock exchange, Eurona said the transactions would allow it to strengthen its presence as a niche operator in the Spanish telecoms and north African satellite markets. Its revenues would increase from around EUR 26 million in 2015 to more than EUR 140 million in 2016, said the company.

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Categories: General
Companies: Eurona Telecom
Countries: Africa / Spain
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