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Providence to become Masmovil’s main shareholder via convertible

Connectivity BusinessbyConnectivity Business
July 15, 2016
in Financing, Investments, Space Services
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Providence Equity Partners has agreed to invest €165m-€200m (US$183m-US$221m) in Masmovil through a long-term convertible instrument which, upon full conversion, will see it become the Spanish MVNO’s largest shareholder. The US private equity firm’s investment will support Masmovil’s acquisitions of rival MVNO Pepephone and mobile operator Yoigo, the Spanish operator said in a statement.  Providence Equity Partners […]

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Tags: EuropeMasmovilOrangePepephonePremiumProvidence Equity PartnersTF247VodafoneYoigo
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