January 27, 2021

MásMóvil, Phone House and Euskaltel will buy mobile phones together | Economy

MásMóvil, Phone House and Euskaltel will buy mobile phones together | Economy



Moremobile, Phone House and Euskaltel have signed an agreement for the constitution of the newly created company Medbuying Technologies Group, which aims to centralize the purchases of mobile terminals, routers and other accessories related to the world of telecommunications by these companies to save costs.

Medbuying Technologies Group will be owned 45% by MásMóvil, another 45% by Dominion (Phone House), and 10% by Euskaltel. The management body of the company will be composed of five members: two by appointment of MásMóvil, another two by Phone House and the other designated by the Basque operator. .

Through this alliance, the three companies obtain synergies by simplifying the purchasing processes, making them more efficient but each of the partners of this new company will maintain its full independence and decision-making capacity over its policy and strategy of mobile terminals and other devices. included in the agreement, according to the relevant event sent to the CNMV

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