MASMOVIL offers EUR90m for Ahimas; owners value business at EUR170m

8 Dec 2020

Spanish alternative operator Grupo MASMOVIL has reportedly offered EUR90 million (USD109.1 million) for rural telecoms specialist Ahimas (Ahi+), which currently provides a full suite of telecoms services in regional locations across Extremadura, Castilla-La Mancha, Andalusia and Comunidad Valenciana. According to Economia Digital the telco’s management team has reacted angrily to the offer and values the business at closer to EUR170 million.

Ahimas is currently owned by Inversiones Locua, but MASMOVIL has held an acquisition option since 2016. Indeed, the group paved the way for the transaction last year, when it acquired a 50.0001% stake in Spotting Development, which owns 31.66% of Inversiones Locua. As a result of MASMOVIL’s indirect stake, the report notes that the situation may have to be resolved in court.

Spain, Ahimas (Ahi+), Grupo MASMOVIL (incl. Yoigo)