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New Deal


Announced

A consortium of investors to acquire EKT Cable from Euskaltel and MASMOVIL for $592m.

Financials

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Transaction Value£493m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Satellite

Private

Majority

satellite services

Friendly

Acquisition

Spain

Domestic

telecommunication services

Pending

Synopsis

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Asúa Inversiones, Beraunberri, Inveready and Onchena to acquire EKT Cable, a cable access network, from Euskaltel, a telecommunications provider, and MASMOVIL, a provider of telecommunication services, for $592m. Through this operation and once the deployment of the new fiber optic network is completed, 100% of the 2.3m homes that make up the current footprint of Euskaltel's network will be FTTH and will be able to enjoy the most advanced services of telecommunications.

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