Sports streaming platform DAZN has closed an agreement with Spanish multiplay telco MásMóvil to distribute its service through different brands with which the MásMóvil Group markets its telecommunications services. Thanks to this agreement, customers of Yoigo, Virgin Telco, Euskaltel, R and Telecable will be able to contract DAZN directly with the operator and manage the […]

Following the period of exclusive negotiations that began on March 8th, telcos Orange and MásMóvil have signed a binding agreement to combine their businesses in Spain. The transaction is based on an enterprise value of €18.6 billion, €7.8 billion for Orange Spain and €10.9 billion for MásMóvil. The transaction is subject to approval from antitrust […]

MásMóvil has sold 51 per cent of the Basque Country-based operator’s network to a group of Basque companies under the umbrella of Bidasoa Aggregator (Asua Inversiones, Beraunberri, Inveready and Onchena) for €580 million. The new investors have undertaken to deploy a fibre optic network covering 1.2 million homes in The Basque Country, Asturias and Galicia. […]

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 […]

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 […]

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 […]