Five years ago, on 30 March 2012, Ibercom (now Masmovil) debuted on the MAB at a reference price of €3.92, raising €2.5M and with an initial capitalisation of €15.8M. Five years later and after having made several capital increases, Masmovil trades at a price of €59.15 and with a market capitalisation of €1,180.11.
The growth over the last year has been spectacular if we take into account that last September of 2016The shares of the fourth convergent operator have maintained since the beginning of the year an upward trend that has resulted in an increase in the share value of 95.1% compared to the 26.6 euros at which it ended 2016.
The history of MásMóvil Ibercom is a story that encapsulates very well what being a company listed on the MAB can bring you. The first years on the MAB were not good for Ibercom, until it realised that if it wanted to compete in the telecommunications world it had to grow and the MAB allowed it to have the liquidity to make acquisitions. The clear leap in size as a company was the acquisition or joining of forces of Ibercom with MásMóvil, creating the MásMóvil Ibercom group (hereafter MásMóvil Group), but more acquisitions followed.
In 2016 Masmovil went from having half a million mobile customers to over 4.6 million today and became the fourth largest mobile operator in Spain, behind Movistar, Orange and Vodafone. This was achieved through several acquisitions.
In September 2016 it bought Pepephone for €158 million. A month later, MásMóvil completed a new purchase: the 100% of Xfera Móvil, parent company of Yoigo, for €612 million. In order to carry out these acquisitions, Masmovil had to make a capital increase of €160M. In 2017 it bought the virtual mobile operator LlamaYa.
As the integration process of the acquired companies is only in its initial phase. Once synergies are realised, there will be gains in market share, which should allow the value to continue to develop well.
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