Hits Telecom Takes Full Ownership of Spanish MVNO Subsidiary
Published on: 28th Nov 2011
Note -- this news article is more than a year old.
By: Ian Mansfield
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.