At what enterprise value was EUSKALTEL acquired in 2021?

During the acquisition of EUSKALTEL by MASMOVIL in 2021, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 13.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EUSKALTEL when it was acquired by MASMOVIL?

The estimated EV/EBITDA multiple for EUSKALTEL is in the range of 10x - 18x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 13.3x. Join our community for free to access full valuation data and industry trends.

When was EUSKALTEL acquired by MASMOVIL?

EUSKALTEL was acquired by MASMOVIL in 2021.

What was the revenue of EUSKALTEL at the time of the deal?

The revenue of EUSKALTEL at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of EUSKALTEL during the acquisition?

EUSKALTEL's EBITDA is estimated to be in the range of 250M - 500M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the EUSKALTEL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the EUSKALTEL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.zegona.com/~/media/Files/Z/Zegona/press-release/21-05-24-return-of-335m-final.pdf

← DATABASE

Home Database TMT (Tech, Media, Telecom)EUSKALTEL

03/2021

EUSKALTEL

Acquired by

MASMOVIL

SPAIN Telecom / Operators EV 3b - 100b EUR

EUSKALTEL acquired by MASMOVIL

SPAIN Telecom / Operators EV 3b - 100b EUR

Context

MasMovil has launched a tender offer to acquire 100% of Euskaltel for €11.17 per share in cash. This acquisition is part of MasMovil's growth strategy, which aims to expand its telecommunications services offer in Spain. The acquisition of Euskaltel will allow MasMovil to strengthen its position in the Spanish market and benefit from significant synergies. Euskaltel's shareholders have welcomed the offer, which represents a 27% premium to the 30-day weighted average price. The transaction is expected to be completed in the coming months, subject to the necessary regulatory approvals. This acquisition is an important step in MasMovil's strategy, which aims to become one of the leading telecommunications operators in Spain. The company has already made significant acquisitions in the past, including the acquisition of Nowo Communications SA in 2020.

EUSKALTEL, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Euskaltel is a Basque telecommunications company, established to provide high-quality communication services to individuals and businesses, with a significant presence in northern Spain, and an expansion strategy aimed at strengthening its market-leading position in the Spanish telecommunications market, by investing in cutting-edge technologies and developing innovative services, such as television, internet, and telephony, to meet the evolving needs of its customer base, with a team of dedicated and experienced professionals, who work to offer high-quality services and maintain customer trust, in a competitive environment where innovation and service quality are key, Euskaltel positions itself as a major player in the Spanish telecommunications sector, with a history of growth and development, and a vision for the future, based on innovation, quality, and customer satisfaction, with an extensive presence and a high-performance distribution network, enabling the company to maintain a competitive position and continue to grow in the Spanish market.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with EUSKALTEL

Date	Acquirer	Target	Country	Sector	Deal Context
05/2017	EUSKALTEL	TELECABLE DE ASTURIAS	SPAIN	Telecom	Euskaltel has entered into a definitive agreement to acquire 100% of Telecable from Zegona Communications plc. The transaction's capital structure incorporates the assumption of €245 million in net debt alongside a structured earn-out framework providing an additional contingent payment of up to €15 million tied to the crystallization of specific tax assets. The consideration mix is engineered via a combination of cash and equity, under which Zegona will roll over its proceeds to secure a 15% strategic minority equity stake in Euskaltel's expanded capital. The acquisition thesis represents a major regional consolidation play within the Spanish telecommunications sector. By absorbing Telecable, Euskaltel successfully executes its northern expansion strategy, seamlessly connecting its core Basque infrastructure with a high-performance cable network that holds a market-leading position in the Asturias region. The strategic rationale focuses on driving significant post-merger operational and financial synergies, unlocking cost-reduction frameworks to enhance combined margin profitability.

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUSKALTEL by MASMOVIL are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: euskaltel

Acquirer: masmovil