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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

The CEO of Vodafone, Nick Read, said during a conference call with analysts that it is in active talks with other operators over possible consolidation moves in Spain, Italy, UK and Portugal. All options are open: a merger, a joint venture or a sale of the company. Speculation on a possible merger with MásMóvil are […]

The expansion of fibre networks is progressing fast in Western Europe, where an average of 7 million premises were connected each quarter over the last year, reports Dataxis. When considering the five biggest consumer markets in the region, it is clear that the deployment of fibre infrastructures widely varies in each country. The market is […]