Vodafone Spain taps banks to work MásMóvil combination

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  • Vodafone Spain (VOD -1.1 %) has hired UBS and Morgan Stanley to represent it in talks over a potential acquisition by MásMóvil, according to a Spanish news report.
  • The Spanish unit hired representation to deal with Goldman Sachs (which is representing MásMóvil), according to digital newspaper El Confidencial.
  • That comes as France's Orange (ORAN -0.1 %) also ramps up talks for a Spanish combination with MásMóvil. Orange Spain is the country's second-largest player, while MásMóvil is fourth largest. MásMóvil is controlled by KKR, Cinven and Providence.
  • Competition between Vodafone Spain and Orange Spain is hot, as antitrust concerns likely block their own combination. If Orange pulls off the combination, it would leapfrog Vodafone and approach the size of Telefónica (TEF -0.1 %).
  • Vodafone Spain tried unsuccessfully to combine with MásMóvil in summer 2019.
  • Any deal between Vodafone and MásMóvil is likely to exceed €6 billion.

    Over the current book year the total revenue from the company in Newbury will be 45.44 billion GBp (consensus estimates). This is slightly more than 2021's revenue of 43.81 billion GBp.

    Historical revenues and results Vodafone plus estimates 2021

    koersgrafieken

    The analysts expect for 2021 a net profit of 2.9 billion GBp. For this year the consensus of the result per share is a profit of 10 GBp. Based on this the price/earnings-ratio is 12.15.

    Huge dividend Vodafone

    For this year the analysts expect a dividend of 9 GBp per share. Thus the dividend yield equals 7.4 percent. The average dividend yield of the telecommunications companies is a poor 1.26 percent.

    Vodafone 's market capitalization is based on the number of outstanding shares around 3253.89 billion GBp. -5

    At 14.35 the stock trades 0.89 percent higher at 121.54 GBp.

    Historical stock prices Vodafone

    stock graphs vodafone

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