Zegona has entered into a deal contingent forward purchase agreement with Barclays Bank to hedge the full amount it expects to receive following the sale of 100% of the Spanish cable operator Euskaltel to a wholly owned subsidiary of MasMovil Ibercom.
Spain’s MasMovil has made a cash offer of €11.17 per share to acquire 100% of the cable operator Euskaltel.
Vodafone and the Spanish telco MásMóvil are exploring the possibility of a merger that will not involve a sale or acquisition.
Vodafone is reported to have taken the first steps to acquiring the Spanish telco MásMóvil.
The three funds hoping to buy the Spanish telco MásMóvil have stated their commitment to maintaining employment and the company’s strategic plan.
Orange is analysing the market in Spain ahead of making a possible move for Masmovil, the country’s fourth largest telco.
Three private equity funds have offered a total of €2.96 billion to buy the Spanish telco Masmovil Ibercom.
The US investment fund Blackrock has bought an additional 900,000 shares in MásMóvil, Spain’s fourth largest telco.
Vodafone has denied a report that it plans to sell its business in Spain to MasMovil.
Telia has agreed to sell its 76.6% stake in the Spanish operator Yoigo to Masmovil, one of the leading mobile operators in Spain, for an enterprise value of €625 million.