MasMovil
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Ericsson and Spanish operator MasOrange have launched an open programmable network integration project to enhance 5G services for subscribers across the country.
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El Expansion, a Spanish newspaper, has reported that Telefonica plans to acquire spectrum from newly formed MasOrange, following the completion of a merger last month.
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The Spanish government has greenlighted the proposed merger between Orange’s Spanish business and its rival MasMovil, digital transformation minister Jose Luis Escriva said earlier this week.
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The European Commission has approved the merger between Orange and MasMovil in Spain. The deal will take the form of a 50/50 joint venture, co-controlled by both companies.
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Orange and MasMovil are set to receive conditional EU antitrust approval for their merger according to Reuters sources.
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Bloomberg sources have said Spanish operators Orange and MasMovil will sell assets to Romanian operator Digi to push through their €18.7 billion merger.
Forthcoming events
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Following a statement released on Friday that it was in talks to acquire Vodafone’s Spanish business, a boutique TMT investment manager by the name of Zegona’s stocks were frozen.
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The decision to block the proposed deal in 2016 has been reinforced by EU courts.
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10 years of cheap money and low inflation is coming to an end. This is having strong effects on the investment and dealmaking environment – no more so than in connectivity, where fixed networks are proving an attractive target, especially as indebted telcos look to raise cash through divestments. Here is a rundown of seven of the most important connectivity and telco deals in Europe this year – what they’re worth, what they involve, and what they mean for the industry.
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The Orange and MasMovil merger will be the subject of an in-depth investigation by The European Commission.
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Hiya is partnering with Pepephone, a MasMovil Group company, to protect its customers from spam and fraud calls in Spain.
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Orange and MasMovil will officially combine their operations in Spain, both operators announced on Saturday.
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Orange and MasMovil’s (LORCA JVCO) talks to combine business operations in Spain could “open the floodgates” for further consolidation between major carriers in Europe.
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Orange Spain has declined to comment on reports linking it with a merger with its local rival MasMovil.
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Spain has approved Másmóvil's friendly takeover of rival Euskaltel.
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Spanish broadband operator MásMóvil has sold the rest of its fibre infrastructure to the same trio of private equity investors that previously bought its urban fibre network.
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MasMovil has launched a takeover bid for Euskaltel, claiming to already have the agreement of shareholders.
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KKR, Cinven Capital Management and existing shareholder Providence Equity have offered €0.22c a share to take Spanish telecoms company MasMovil private, in a deal worth US$3.3 billion.