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Wireless

Zegona pulls out of Yoigo talks, MasMovil confirms 100% buy

Wednesday 22 June 2016 | 08:38 CET | News
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MasMovil has announced that it's now Spain's fourth national telecommunications operator after confirming the acquisition of 100 percent of Yoigo's shares from Telia (76.6%), ACS (17.0%), FCC (3.4%) and Abengoa (3.0%). According to a statement submitted to Madrid's MAB alternative stock exchange, MasMovil said the agreed price of EUR 612 million, including net debt, implies an enterprise value to EBITDA multiple of around 7.3x, based on Yoigo's 2015 revenues of around SEK 8 billion. Rival bidder Zegona, a UK-based investment group that last year acquired Spain's Telecable, also issued a

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Categories: Mobile & Wireless
Companies: Masmovil / Pepephone / Telecable / Yoigo
Countries: Spain
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