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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%
11/23MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
11/02MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
PU
10/27MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
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MasMovil says has not been in talks with Vodafone

09/25/2020 | 07:55am EST
FILE PHOTO: A balloon with the logo of  Masmovil is seen during its bourse debut in Madrid

Spain's MasMovil and its new private equity owners said they had not been in contact with Vodafone after a newspaper reported the London-based company had started talks about buying the mobile operator.

El Economista, citing sources with knowledge of the situation, said on Friday that Vodafone had started talks with the three buyout funds that recently took over MasMovil.

"MasMovil has not had any interaction whatsoever with Vodafone in relation to a potential corporate transaction," the company said in a statement.

A spokeswoman, speaking on behalf of the private equity companies, also said there had been "no conversations whatsoever" with Vodafone.

A deal could value MasMovil at 6 billion euros (5.5 billion pounds), including debt, El Economista said.

Vodafone declined to comment.

Private equity funds KKR, Cinven and Providence recently bought most shares in MasMovil in a public tender offer that valued the company at 3 billion euros, and are planning to squeeze out the remaining minority holders and delist the company in the coming weeks.

A number of analysts who follow Vodafone were sceptical about the prospects of a deal with MasMovil.

"We are highly doubtful," Jefferies said in a note. "We repeat our view that the opposite - Vodafone selling its Spanish business to a de-listed MasMovil - is much more plausible."

A report in October 2019 saying MasMovil was in talks to buy Vodafone's Spanish operation was denied by both companies.

El Economista also reported in June that France's Orange, another major operator in Spain, was discussing a counter bid for MasMovil in response to the private equity offer. Orange dismissed the report.

European telecoms operators have struggled to boost profit growth in a crowded market and possible consolidation in Spain could be followed by similar moves in other countries.

(Reporting by Inti Landauro, Isla Binnie and Jesus Aguado Gonzalez in Madrid, and Paul Sandle in London; editing by Emelia Sithole-Matarise and Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. -2.02% 37.93 Delayed Quote.30.03%
MÁSMÓVIL IBERCOM, S.A. 0.00% 22.5 End-of-day quote.10.62%
ORANGE -0.94% 10.59 Real-time Quote.-19.28%
VODAFONE GROUP PLC -0.98% 123.68 Delayed Quote.-15.73%
All news about MÁSMÓVIL IBERCOM, S.A.
11/23MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
11/02MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
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10/27MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
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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%
Chart MÁSMÓVIL IBERCOM, S.A.
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MásMóvil Ibercom, S.A. Technical Analysis Chart | MarketScreener
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Managers
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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