MasMovil says has not been in talks with Vodafone

MADRID/LONDON (Reuters) – Spain’s MasMovil and its new private equity owners said they had not been in contact with Vodafone after a newspaper reported the London-based company had started talks about buying the mobile operator.

FILE PHOTO: A balloon with the logo of Masmovil is seen during its bourse debut in Madrid, Spain, July 14, 2017. REUTERS/Juan Medina

El Economista, citing sources with knowledge of the situation, said on Friday that Vodafone had started talks with the three buyout funds that recently took over MasMovil.

“MasMovil has not had any interaction whatsoever with Vodafone in relation to a potential corporate transaction,” the company said in a statement.

A spokeswoman, speaking on behalf of the private equity companies, also said there had been “no conversations whatsoever” with Vodafone.

A deal could value MasMovil at 6 billion euros ($7 billion), including debt, El Economista said.

Vodafone declined to comment.

Private equity funds

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MasMovil Says Has Not Been in Talks With Vodafone | Technology News

MADRID/LONDON (Reuters) – Spain’s MasMovil and its new private equity owners said they had not been in contact with Vodafone after a newspaper reported the London-based company had started talks about buying the mobile operator.

El Economista, citing sources with knowledge of the situation, said on Friday that Vodafone had started talks with the three buyout funds that recently took over MasMovil.

“MasMovil has not had any interaction whatsoever with Vodafone in relation to a potential corporate transaction,” the company said in a statement.

A spokeswoman, speaking on behalf of the private equity companies, also said there had been “no conversations whatsoever” with Vodafone.

A deal could value MasMovil at 6 billion euros ($7 billion), including debt, El Economista said.

Vodafone declined to comment.

Private equity funds KKR, Cinven and Providence recently bought most shares in MasMovil in a public tender offer that valued the company at 3 billion euros,

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