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Orange Buys Spanish MVNO from KPN
Published on:
Orange Spain announced today the acquisition of 100% of Simyo, the mobile virtual network operator (MVNO) owned by KPN in Spain, which has around 380,000 customers.
The company did not announce the financial terms of the transaction, although previous reports had suggested a price tag of around EUR30 million for the company.
Simyo will continue to operate as an MVNO under its own brand and will remain hosted on Orange Spain's network. This operation will have no impact on Simyo's customers, who will keep their current tariffs and service conditions.
Following this acquisition, Orange's total mobile customer base in Spain amounts to 12.2 million subscribers (data based on figures published at end September 2012).
Tags: [simyo] [kpn] [orange] [mvno] [Spain]
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