Report
Pierre François Merveille

Masmovil (Lorca Telecom) : Good performance ahead of the potential merger with Orange Spain

Masmovil continues to navigate well in the highly competitive Spanish telecoms market thanks to customer gains and the delivery of synergies linked to the Euskaltel’s acquisition. PF revenues and EBITDA were up by +2% and +7% respectively in 2022 and we expect another positive operating performance in 2023, which should lead to a mild improvement of the leverage ratio from 5,5x to 5,2x this year on a standalone basis. - The merger agreement of its Spanish activities with Orange Sp...
Underlying
MasMovil Ibercom S.A.

Masmovil Ibercom SA. Masmovil Ibercom SA, formerly World Wide Web Ibercom SA, is a Spain-based company primarily engaged in the telecommunication sector. The Company focuses on the sale and distribution services for Internet, Data Center and Telecommunications. The Company's product and services portfolio comprises Internet access through Asymmetric Digital Subscriber Line (ADSL) and Symmetric Digital Subscriber Line (SDSL) technologies, Internet domains and Domains Management and Registration Service through IberDNS application, Web hosting, virtual servers, dedicated servers, telephony services and routers. The Company also offers collocation services through two Internet Data Centers located in Madrid and San Sebastian. It operates through subsidiaries, such as Embou Nuevas Tecnologias SL and Ebesis Sistemas SL, among others. The Company owns a number of brand names, such as Pepephone, Yoigo and Llamaya.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre François Merveille

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