Advanced Television

MásMóvil

Spain: Vodafone adds AMC+; Movistar drops channels

Vodafone Spain, following Orange’s lead, has reached an agreement with AMC Networks International Southern Europe to integrate the AMC+ VoD service with a wide catalogue of popular TV series and movies. Meanwhile, Movistar is reorganising its football offer and has dropped some 16 sports channels from its line-up – the entire block from Movistar+ La […]

June 15, 2022From David Del Valle in Madrid

MásMóvil-Orange seek €6.5bn loan

MásMóvil and Orange Spain are seeking a €6.5 billion loan to complete their merger by the end of the month. Their merger will give rise to the second largest telco operator in Spain with an enterprise value of €20 billion, shared 50/50. BNP Paribas is leading the financial operation to get the loan along with […]

June 6, 2022From David Del Valle in Madrid

MásMóvil loses €40m in Q1

Spain’s fourth largest telco, MásMóvil, lost €40 million in the first quarter of the year, compared with a €10.4 million profit the same period last year, at a time when merger negotiations with Orange were disclosed. Total revenues, however, increased by 39 per cent to €733 million with an EBITDA of €277 million, up 51 […]

May 31, 2022From David Del Valle in Madrid

MásMóvil from loss to €189m profit; debt surges

Awaiting the merger with Orange to become the largest operator in Spain in terms of customers, MásMóvil has reported a net profit of €189 million versus €77 million losses in 2020 and €93 million in 2019. The company increased revenues by 28 per cent to €2.46 billion thanks to Euskaltel, with fourth quarter revenues reaching […]

April 5, 2022From David Del Valle in Madrid

MásMóvil/Orange: Job cuts and brand changes

The Orange and MásMóvil merger is set to bring job cuts and the elimination of smaller and low-cost brands. The companies combined manage up to 13 commercial brands, servicing some 30 million lines, both fixed broadband (over 7 million) and mobile (20.2 million) and pay-TV (1.5 million subs). The merger will bring a brand and […]

March 10, 2022From David Del Valle in Madrid

Fitch: Orange, MásMóvil merger neutral to ratings

Orange Spain’s intention to merge its Spanish operations with MásMóvil in Spain will be neutral for the rating but will attract high EU competition and regulatory scrutiny due to resulting market consolidation, reports Fitch. Orange and MásMóvil have announced that they have entered into exclusive discussions to combine their businesses in Spain to create a […]

March 9, 2022

Orange, MásMóvil confirm merger

Telcos Orange and MásMóvil have confirmed they are in exclusive discussions to combine their businesses in Spain. The combination would take the form of a 50-50 Joint Venture, co-controlled by Orange and MásMóvil (LORCA JVCO) with a combined enterprise valuation of €19.6 billion. Valuations are attractive for both businesses, with Orange Spain’s enterprise value at […]

March 8, 2022

Orange Spain’s bad year points to consolidation

Orange Spain did not have a prosperous 2021. Its latest results reveal that in 2021 its revenues fell by 4.7 per cent to €4.72 billion with EBITDA dropping by 12.7 per cent to €1.2 billion. The company saw its revenues per service fall by 8 per cent to €3.19 billion. Revenues per convergent offer also […]

February 17, 2022From David Del Valle in Madrid

Vodafone names Spain price, rejects Italy bid

Vodafone has priced the sale of its Spanish subsidiary Vodafone Spain at €7 billion, according to El Independiente. Vodafone is weighing both a sale and a joint-venture with the creation of a new company on a 50/50 basis. Back in 2020 the company explored this latter possibility with MásMóvil but its plan failed as the […]

February 11, 2022From David Del Valle in Madrid

Orange eyes MásMóvil merger

Orange Spain, Spain’s second largest network, is exploring a merger with MásMóvil, the fourth largest telco, according to local reports. Both companies would share 50 per cent of the new group, including MasMovil’s shareholders: buyout funds KKR, Cinven and Providence. The resulting company would approach Telefonica in szie, and leapfrog Vodafone, currently the third largest. […]

February 8, 2022From David Del Valle in Madrid