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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  MásMóvil Ibercom, S.A.    MAS   ES0184696104

MÁSMÓVIL IBERCOM, S.A.

(MAS)
  Report
End-of-day quote. End-of-day quote Bolsas y Mercados Espanoles - 11/03
22.5 EUR   0.00%
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MásMóvil Ibercom S A : Signing of agreements for sale of FTTH network to Macquarie

11/06/2019 | 03:55am EST

COMMUNICATION OF A RELEVANT FACT

MASMOVIL GROUP

November 6th, 2019

In accordance with article 17 of the Regulations (UE) number 596/2014 on market abuse and article 228 of the Securities Market Act passed by Legislative Royal Decree 4/2015 of October 23 and concordance rules, we inform the market about the following Relevant Fact referred to MASMOVIL IBERCOM, S.A. ("MASMOVIL" or the "Company" o the "Group").

RELEVANT FACT

Signing of the sale of c940k BUs FTTH network; ful economic effects on Dec. 1st, 2019

Following the announcements on the deal already made on May 7th and June 24th, MASMOVIL announces that it has completed the sale of c.940k building units ("BU's") FTTH network to Macquarie Assets Holdings Limited ("Macquarie") for a total consideration of €218.5M, slightly above the initially announced transaction as the Company has exercised its right for a marginally increased transaction.

The carve out of the assets will have full economic effects for MASMOVIL as of December 1st 2019. As previously mentioned, the transaction has no impact in MASMOVIL's clients as it requires no action at the client's domicile.

The transaction does neither impact the Company's guidance, which has been recently reiterated, while it is expected to have a positive impact on the Groups' Net Income of c.€134M.

From MASMOVIL's perspective, the deal results in an implicit transaction multiple of c18x EV/EBITDA.

Madrid, November 6th, 2019.

D. Meinrad Spenger

CEO

MASMOVIL IBERCOM, S.A.

Disclaimer

Masmovil Ibercom SA published this content on 06 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2019 08:54:04 UTC


© Publicnow 2019
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Financials
Sales 2020 1 864 M - -
Net income 2020 126 M - -
Net Debt 2020 1 922 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 956 M 3 505 M -
EV / Sales 2020 2,62x
EV / Sales 2021 2,22x
Nbr of Employees 964
Free-Float 6,54%
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Managers and Directors
NameTitle
Meinrad Spenger Chief Executive Officer & Director
Eduardo Díez-Hochleitner Rodríguez Chairman
José María del Corro Chief Financial Officer
Santos Fernandez Miguel Chief Technology Officer
José Eulalio Poza Sanz Vice Chairman
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