Masmovil (Lorca Telecom) : Our thoughts on the potential JV agreement in Spain with Orange
Orange (ORAFP, Baa1/BBB+) and Masmovil (LORCAT, B2/B) announced on 8 March 2022 that they have entered into exclusive talks with a view to combining their Spanish businesses in a 50-50 joint venture. - We believe that the likely JV agreement between would be credit positive for Masmovil bondholders, given the improved business risk profile and probability of shareholder support, as well as the potential for an IPO in the mid-term to allow an exit of PE funds. Nevertheless, we prefe...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.
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.
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