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General

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

Thursday 24 June 2021 | 14:50 CET | News
The Council of Ministers of the Spanish government has given its approval to the proposed takeover of the country's fifth biggest telecommunications operator Euskaltel by the fourth largest Masmovil, reports Europa Press, citing government sources. The green light comes a week after communications and competition regulator CNMC announced that the transaction poses no significant threat to the competitive situation, with markets watchdog CNMV yet to green light the bid.

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Categories: General
Companies: Euskaltel / Masmovil
Countries: Spain
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