Hits Telecom Takes Full Ownership of Spanish MVNO Subsidiary

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Kuwait based Hits Telecom Holding is reported to have increased its stake in its Spanish subsidiary to full ownership. The company had previously held just under 69% of the Spanish MVNO.

Hits paid USD1.35 million for the stake, although it did not disclose who it bought the stake from.

Hits Telecom Spain has around 100,000 subscribers and has a target of raising that past 160,000 by the end of next year.

On the web: Al Watan via Zawya

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Tags: hits telecom  mvno  Spain 

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