Finetwork, a privately owned company founded in 2015 and headquartered in Spain, provides telecommunications services. Employing approximately 300 people, the company offers a triple-play service encompassing internet access, television, and voice communications. While their offerings include streaming services as part of their television packages, their core business is the provision of these bundled telecommunications services.
Negotiations between Asterion and Finetwork regarding a potential acquisition began, with initial reports suggesting a transaction value of approximately €200 million plus over €100 million in debt. Subsequent reports revised the estimated value upwards to over €310 million, comprising €210 million in equity and approximately €100 million in assumed debt. These reports also indicated that the deal includes debt owed to Vodafone Spain. Separately, the CNMC ordered Finetwork to pay Vodafone Spain outstanding debts for wholesale network services covering January through April, within a 10-day timeframe.
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