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 valuation stuck at €6 billion.

Barclays’ analysts, cited by El Independiente, point out that Vodafone Spain’s value would be at €5-7 billion whereas MásMóvil’s one would be €6-€8.6 billion after the merger with Euskaltel.

Meanwhile, Vodafone Italia rejected a €16 billionn bid from France’s Illiad. Vodafone said: “The board and management of Vodafone remain focused on delivering shareholder value through a combination of its organic growth strategy over the medium-term and ongoing portfolio optimisation.”

The country’s largest telco, TIM, is currently assessing a €10.8 billion takeover approach from US investment firm KKR.

Telefónica also continues to mull the future of Movistar Plus.

Other posts by :

1. SES announces €0.25c dividend
2. Russia “blinding and destroying” German satellites
3. Bank: AST, Starlink, Kuiper targeting $200bn market
4. Rivada: Is no news good news?
5. SES celebrates Intelsat acquisition
6. Pakistan halts broadband direct-from satellite
7. India stymies Starlink launch
8. Starlink, AST SpaceMobile race for cellular consumers
9. Trouble ahoy for foreign D2D satellites over India?

Categories: Articles, Broadband, Business, M&A, Mobile

Tags: italy, MásMóvil, Movistar, spain, telefonica, Vodafone