Announced
Financials
Tags
Friendly
telecommunications company
Acquisition
Pending
Public
Spain
Majority
Telecommunications Services: Other
Single Bidder
Private Equity
Domestic
Synopsis
KKR, Providence and Cinven-backed MasMovil, a telecommunications operator in Spain, offered to acquire Euskaltel, a Spanish telecommunications company, for €3.5bn ($4.1bn). “MasMovil and Euskaltel together form a solid and complementary industrial project,” MasMovil. On July 12, 2021, Euskaltel's board recommended its shareholders accept the transaction.
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