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Spain’s MasMovil to be acquired in €5bn private equity buyout

On November 18, 2020, the private equity firms Cinven, KKR, and Providence Equity Partners finalized the purchase of the Spanish telecommunications operator Masmovil. The deal, which grants them a 99.3% stake in the company, values Masmovil at €5.3 billion. 

Headquartered in Madrid, Masmovil is the fourth-largest telecommunications company in Spain, with over 11 million customers. The company provides fixed-line, mobile, and internet services to individuals, businesses, and other operators. 

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