{"id":41037,"date":"2020-06-09T16:16:45","date_gmt":"2020-06-09T16:16:45","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=283693"},"modified":"2020-06-09T16:16:45","modified_gmt":"2020-06-09T16:16:45","slug":"masmovil-stakeholder-slates-takeover-offer","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/06\/09\/masmovil-stakeholder-slates-takeover-offer\/","title":{"rendered":"Masmovil stakeholder slates takeover offer"},"content":{"rendered":"

<\/p>\n

\tA stakeholder in Spanish operator Masmovil said a recent \u20ac2.96 billion takeover bid undervalued the company and called on the board to find better offers or renegotiate terms.<\/p>\n

In a statement, investment company AllianceBernstein told Mobile World Live (MWL) it also had concerns four Masmovil board members “may now have dual interests having joined” the consortium seeking to acquire the operator.<\/p>\n

Masmovil\u2019s board approved the bid [1] from a consortium comprising Lorca Telecom BidCo, Cinven Capital Management and KKR Associates Europe, arguing the offer benefitted shareholders and stakeholders.<\/p>\n

Last week Orange refuted reports it was preparing a bid for its rival [2], telling MWL it was well positioned to grow organically in the competitive Spanish market.<\/p>\n

GSMA Intelligence figures placed Masmovil as Spain\u2019s fourth-largest operator by connections at end-Q1, with 7.6 million. Orange Spain had 16.4 million, Movistar 16.2 million and Vodafone Spain 13.5 million.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/masmovil-board-backs-e3b-takeover-bid\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/orange-rubbishes-talk-of-rival-offer-on-masmovil\/<\/p>\n\n

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A stakeholder in Spanish operator Masmovil said a recent €2.96 billion takeover bid undervalued the …<\/p>\n

The post Masmovil stakeholder slates takeover offer<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":212,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Masmovil stakeholder slates takeover offer - ITTeacherITFreelance.hk","description":"A stakeholder in Spanish operator Masmovil said a recent €2.96 billion takeover bid undervalued the ... The post Masmovil stakeholder slates takeover offer"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/41037"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/212"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=41037"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/41037\/revisions"}],"predecessor-version":[{"id":41038,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/41037\/revisions\/41038"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=41037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=41037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=41037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}