HITS Telecom acquires 51% of Metrored Movil

8 Jul 2008

Saudi Arabia’s House for Integrated Technology Systems (HITS) Telecom has announced that it has bought 51% of Spanish MVNO Metrored Movil for EUR7 million (USD10.96 million). Metrored Movil will invest EUR15 million in an MVNO operation under the HITS Telecom Spain banner. Due to launch in September, HITS Telecom will operate over Vodafone Espana’s network.