Wednesday 4 March 2020

MásMóvil: Mass operator of Spain

Masmovil Group is the fourth largest converging telecommunications operator in Spain that provides fixed, mobile and broadband Internet services for residential, business and wholesale, through its main brands: Yoigo, Pepephone, MASMOVIL, Lebara and Llamaya.

The group relies on a fiber/ADSL network for broadband and 3G and 4G network for mobile telephony. By the end of 2019, it had reached more than 14.4 million fiber households and 18 million homes with ADSL. The companies’ 4G mobile network covers 98.5% of the Spanish population. The Group has 7.5 million customers in Spain. Additionally, it is the operator with the fastest fiber network in Spain according to a study by the company, nPerf, and the operator with the fastest 3G+4G aggregated mobile network in Spain, according to a study by the company, Tutela.

Masmovil have now acquired Lycamobile Spain, for €372m. Lycamobile Spain launched in 2010 with the aim of delivering low-cost mobile services of the highest quality to the market. The Company has since become the country’s leading MVNO, achieving impressive market penetration with over 1.5 million customers. The sale allows Lycamobile to continue its growth in existing and new markets and Masmovil to retain the Lycamobile brand in Spain.

Masmovil’s acquisition of the Company is an affirmation of the accomplishment of Lycamobile in the market.

However this is the latest in several lucrative acquisitions for Masmovil, for example :

Masmovil has said that Lycamobile’s 1.5 million customers will take its total connections to 10.4 million: at end-December 2019 the combined figure for mobile and broadband subscribers stood at 8.9 million Lycamobile is expected to contribute more than €75 million in EBITDA from 2021, mostly in savings from using Masmovil’s networks. Masmovil will retain the Lycamobile brand for the foreseeable future.

In a separate statement, Lyca Group founder and chairman Allirajah Subaskaran, said the traditionally MVNO geared company will turn its attention to expanding its global presence through MNO launches in new markets.

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