Euskaltel denies Citi mandate to analyse possible M&A deals (translated)
04 OCT 2018
Euskaltel [BME: EKT] denied yesterday (3 October) a mandate to Citi to analyse possible corporate transactions, Expansion reported, citing a spokesman for the Spain-based telecom operator. Sources with knowledge of the process, however, told the paper that Euskaltel is on the look out for a corporate deal.
Among the options is a possible merger with rival MásMóvil [MAS:SM], Spain’s fourth operator, which has a market capitalisation of EUR 2.17bn, the Spanish-language paper said. Euskaltel’s market valuation stands at EUR 1.193bn