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Wireless

Spain's Masmovil closes Neutra buy to acquire 5G spectrum

Thursday 7 June 2018 | 09:54 CET | News

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Spanish operator MasMovil has announced that it's completed the acquisition of fixed wireless provider Neutra Network Services for a total of EUR 15.5 million. In a statement to market regulator CNMV, the operator said the buy gives it the right to use 40MHz of nationwide spectrum in the 3.4 to 3.6 GHz band, considered key for the development of 5G. Masmovil acquired Neutra's parent company Neo Sky back in May 2015 but has only now integrated Neutra's network and received the required approval from Spain's energy, tourism and digital agenda ministry.

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Categories: Mobile & Wireless
Companies: Masmovil / Neo
Countries: United States
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