Digi Communications expands its presence in Spain through license purchase

  • Digi Communications to buy telecommunications-spectrum licenses in Spain from MasMovil
  • Licenses to be purchased for 120 million euros, including a conditional component of EUR20 million
  • Digi also agrees to an option for a future wholesale mobile-services agreement with Orange
  • Transfer of licenses and option subject to completion of Orange-MasMovil transaction and EU approval

Digi Communications has reached an agreement to purchase telecommunications-spectrum licenses in Spain from MasMovil. The licenses will be acquired for a total of 120 million euros, including a conditional component of EUR20 million. As part of the deal, Digi has also secured an option to enter into a future wholesale mobile-services agreement with Orange. The transfer of the licenses and the grant of the option are contingent upon the completion of the transaction between Orange and MasMovil, which is subject to EU approval.

Public Companies: Digi Communications (N/A), MasMovil (N/A), Orange (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about Digi Communications agreeing to buy telecommunications-spectrum licenses in Spain from MasMovil as part of remedies for the proposed combination between MasMovil and Orange’s Spanish business. It also mentions that Digi agreed to an option to enter into a wholesale mobile-services agreement with Orange. The news was first reported by Spanish business newspaper Expansion. However, there is no comment from Orange or MasMovil, and the completion of the transaction is subject to EU approval.

Noise Level: 7
Justification: The article provides some relevant information about Digi Communications buying telecommunications-spectrum licenses in Spain from MasMovil as part of remedies for the proposed combination between MasMovil and Orange’s Spanish business. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not provide any actionable insights or solutions for the reader. Additionally, there is no exploration of the consequences of the decisions on those who bear the risks or holding powerful people accountable. Overall, the article contains some relevant information but lacks depth and substance.

Financial Relevance: Yes
Financial Markets Impacted: Telecommunications industry

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses Digi Communications’ agreement to buy telecommunications-spectrum licenses in Spain from MasMovil as part of remedies for the proposed combination between MasMovil and Orange’s Spanish business. This news is relevant to the financial markets, specifically the telecommunications industry.

Reported publicly: www.marketwatch.com