Spain: Masmovil acquires spectrum from Eurona
July 20, 2018
Masmovil has confirmed the acquisition of 40MHz in the 3,4-3,8GHz (“3,5 GHz”) band from Eurona Wireless Telecom. The consideration for the acquisition amounts to €30 million. With this new acquisition of spectrum, added with the one recently obtained after the purchase of Neutra, Masmovil Group already has 80MHz in the 3.5GHz band.
Masmovil says the acquisition of these new 40 MHz will allow the company and its brands -Yoigo, Pepephone, Llamaya – to continue improving the quality of its services. Their customers will enjoy a higher Internet browsing speed on their mobile phones. In addition, with this operation Masmovil will also have a bigger capacity to offer new services on its own mobile network.
“We can face with optimism the future arrival of 5G and we work to continue leading the customers satisfaction in Spain,” said Meinrad Spenger, CEO of Masmovil.
The transaction is pending from the authorisation from the Ministry of Economy and Businesses.