MasMovil acquires Netllar and Hits for € 14.8m

ValenciaPlaza & Expansion

Nethits Telecom Group divests its two companies – Hits and Netllar – in favour of Grupo MásMóvil.

Netllar – the fixed, mobile and internet telephony company of Nethits Telecom Group – has been bought by the fourth largest telecommunications operator in Spain after Telefónica, Vodafone and Orange, together with the virtual mobile operator Hits. The transaction price paid by MasMovil equalled to 14.8 million euros. Amongst other contributions, the acquisition results in the transfer of over 100,000 customers to the buyer.

To learn more, visit the first article here and the second one here.