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<\/span><\/figcaption><\/figure>MADRID: Masmovil<\/a>'s 1.99 billion euro ($2.38 billion) takeover of Spanish telecoms rival Euskaltel<\/a> has won state approval, government sources said on Wednesday.

The friendly merger, which received the greenlight from Spain's competition watchdog last week but still needs final regulatory approval, would reinforce Masmovil<\/a>'s position as the fourth-largest operator in Spain's crowded telecoms sector.

Euskaltel<\/a> was not immediately available for comment. Masmovil, which is owned by private equity funds KKR<\/a>, Providence and Cinven, declined to comment.

Euskaltel's major shareholders Zegona, Kutxabank and Corporacion Financiera Alba - which own 52.32% of Euskaltel - agreed in March to accept the offer of 11.17 euros per share, a 16.48% premium at the time.

Spain boasts Europe's most advanced fibre network, but its telecom sector has suffered from market fragmentation and high overheads, with margins shrinking and debt rising year by year.

Spain's progressive coalition government has prioritised the development of 5G mobile data in its post-pandemic recovery strategy, earmarking nearly 30% of the 140 billion euros ($171 billion) it will receive in EU funds to a digitalisation plan.
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西班牙批准Masmovil Euskaltel的2.4美元左右的收购

友好合并,收到了来自西班牙的绿光资本的竞争监管机构上周但仍需最终监管部门的批准,将加强Masmovil作为第四大运营商的地位在西班牙拥挤的电信行业。

  • 更新在2021年6月24日上午07:31坚持
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马德里:Masmovil的19.9亿欧元(合23.8亿美元)收购西班牙电信的竞争对手Euskaltel已获得国家批准,政府消息人士周三表示。

友好的合并,收到了来自西班牙的绿光资本的竞争监管机构上周但仍需最终监管部门的批准,将会加强Masmovil在西班牙的第四大运营商地位拥挤的电信行业。

Euskaltel没有立即对此事发表评论。Masmovil,旗下的私人股本基金KKR普罗维登斯和Cinven拒绝置评。

Euskaltel主要股东Zegona Kutxabank和营救Financiera Alba——Euskaltel的52.32%——3月同意接受每股11.17欧元的报价,当时有16.48%的溢价。

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西班牙拥有欧洲最先进的光纤网络,但其电信业已经遭受市场碎片化和高开销,利润减少,债务逐年上升。

西班牙的进步联盟政府优先发展的5 g移动数据的流行后恢复策略,拨款1400亿欧元(1710亿美元)的近30%在欧盟基金将收到一个数字化的计划。
  • 发表在2021年6月24日上午07:29坚持

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<\/span><\/figcaption><\/figure>MADRID: Masmovil<\/a>'s 1.99 billion euro ($2.38 billion) takeover of Spanish telecoms rival Euskaltel<\/a> has won state approval, government sources said on Wednesday.

The friendly merger, which received the greenlight from Spain's competition watchdog last week but still needs final regulatory approval, would reinforce Masmovil<\/a>'s position as the fourth-largest operator in Spain's crowded telecoms sector.

Euskaltel<\/a> was not immediately available for comment. Masmovil, which is owned by private equity funds KKR<\/a>, Providence and Cinven, declined to comment.

Euskaltel's major shareholders Zegona, Kutxabank and Corporacion Financiera Alba - which own 52.32% of Euskaltel - agreed in March to accept the offer of 11.17 euros per share, a 16.48% premium at the time.

Spain boasts Europe's most advanced fibre network, but its telecom sector has suffered from market fragmentation and high overheads, with margins shrinking and debt rising year by year.

Spain's progressive coalition government has prioritised the development of 5G mobile data in its post-pandemic recovery strategy, earmarking nearly 30% of the 140 billion euros ($171 billion) it will receive in EU funds to a digitalisation plan.
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