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Broadband

Spain's Ezentis buys Brazilian Ability for EUR 55.4 million

Tuesday 9 June 2015 | 14:22 CET | News
Spanish technology company Ezentis has obtained EUR 126 million in financing from investor Highbridge Principal Strategies and purchased Brazilian company Ability for EUR 55.4 million, reports Reuters. The funding is intended to extend debt maturities, increase participation in subsidiaries and fund acquisitions such as that of Ability. The Brazilian company specialises in providing operating and maintenance services for fixed telecommunications networks and had revenues of EUR 90.8 million in 2014 and EBITDA of EUR 10.1 million in the last twelve months.

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Categories: Fixed
Companies: Ezentis
Countries: Brazil / Spain
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