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New Deal


Announced

Completed

Orange completed the acquisition of the Spanish division of SUMA Mobile from Alantra Private Equity-backed Grupo Ingenium.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Mobile

Acquisition

Friendly

Single Bidder

mobile

Private Equity

Spain

Majority

Private

Completed

Synopsis

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Orange completed the acquisition of the Spanish division of SUMA Mobile, a mobile services platform, from Alantra Private Equity-backed Grupo Ingenium, a telecommunications holding. Financial terms were not disclosed. "In 2012 we began this exciting adventure with the clear objective of helping our customers to make their mobile business projects a reality, always offering state-of-the-art technology and always seeking to offer excellence in customer service. During all this time we have deployed more than 30 operators in Spain from different sectors, with different business models and positions, which has led us to become the first independent convergent multi-service platform in our country and a reference at the international level. All these have been thanks to the trust and support that our customers have given us since the beginning, key to the success of SUMA Móvil in Spain," Sergio Cano, Grupo Ingenium CEO.

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