MásMóvil sells rural FTTH network to Onivia
May 4, 2021
From David Del Valle in Madrid
MásMóvil, the fourth largest telco in Spain, has sold part of its rural FTTH network to local operator Onivia in an attempt to raise funds to complete Euskaltel’s acquisition.
The company received around €400 million for the network that covers 1.1 million households. With the acquisition, for its part, Onivia doubles its presence in Spain with 2.2 million homes.
With the move, Másmóvil gets more funds to face the acquisition of Euskaltel, an operation estimated at €4 billion.
Meanwhile, MásMóvil has signed an agreement for the acquisition of the virtual mobile operator Lycamobile España, which it says will allow it to strengthen its position in the prepaid segment.