June 24, 2021

Spenger (MásMóvil) bets on more concentrations and warns against the decline in investment capacity




The second day of the DigitalES – summit 2020 has had a large presence of the economic wing of the Government led by the economic vice president, Nadia Calviño. It has also had the participation of representatives of the energy sector such as the CEO of Endesa José D. Bogas and of the digital sector such as Meindrad Spenger, CEO of the MásMóvil Group, as well as from the financial world like Olaf Díaz – Pintado, CEO of Goldman Sachs Spain who has committed to the future of telecommunications infrastructures and the need for financing that this activity will continue to have. Spenger has confirmed its favorable opinion of the takeover of the investment funds KKR, Providence and Cinven, whose acceptance period ends this Friday and is committed to a “greater consolidation of the sector.” Precisely on the latest movements around 5G of Telefónica, Orange and MásMóvil Calviño has pointed out that «It is very good news that the operators that are already present in our country have decided to take the leap and start offering 5G as early as 2020 ».

In parallel, this Wednesday «Yoigo» (MoreMobile) launched its 5G service in 15 cities throughout Spain through a combination of its own network and an agreement with Orange. Spenger has been in favor of the success of the takeover bid which, according to his estimates, would lead to a investment of more than 5,000 million of euros (including the assumption of the group’s debt) and that, in the case of success, would leave “a very simplified shareholder structure that facilitates decision-making, access to resources and opens up many opportunities.” In this sense, he highlighted that 45% of the shareholders will remain in the same hands as the current ones. «I see the reasonable offer and I intend to accept it », has pointed out its position as a minority shareholder of the teleco.

Spenger has also opted for “a greater consolidation of the sector”, despite having recognized that in telecommunications “Spain is a benchmark throughout Europe”. Precisely how they are going to continue and alerted about the risk that for the investment capacity of operators is the commitment to the short term and that the creation of value in the long term is relegated. In this sense, he does not believe that the existence of “a multitude of agents” in the market helps and has added that he sees “with great hope” the Spain Digital 2025 Agenda.

Let us also hope that conditions of future spectrum auctions are reasonable and the spectrum is assigned to operators, not to other agents, “said the head of MásMóvil, who believes that operators should play” a very important role in the deployment of 5G “and has asked for the support of public administrations to support investments in infrastructure.

Calviño and the Connectivity Plan

The first to participate in the second day of the DigitalES-summit2020 has been the third vice president and minister of Economic Affairs, Nadia calviño has confirmed that his department will comply with the schedule for the digital dividend and that Spain is the country with the most pilot projects underway.

Calviño has also reported that the Government is working on a Plan Connectivity to continue promoting a fiber optic network in the deployment of which he recalled that “we are far ahead of the major European countries” and aimed at three objectives in this area: to turn it into a “lever for potential growth”, to close social and territorial gaps , as well as being “a base” for the development of new technologies (5G).

As an example of these policies, Calviño has highlighted that in one of these latest tenders from his Ministry, 108 proposals were received to reach broadband to the rural territories of 45 provinces and that “It is not just about the connectivity of those in the center of cities.” In this sense, it has also congratulated itself on the development of “Radar Covid” and announced that it is already “testing for interoperability with apps from other countries.” Something that has been considered very important because “the country receives many tourists, to ensure that any European citizen can use the app of their country.”

“A unique opportunity”

For her part, the Minister of Industry, Commerce and Tourism, Reyes Maroto highlighted that “the health crisis has accelerated disruptive changes in economic activities” and turned digitization “into a unique opportunity to adapt your processes, products and business models, incorporating technologies such as the Internet of coass or artificial intelligence ”. In this sense, he has mentioned policies of his Ministry oriented to advice or training with a view to digitization such as the National Strategy for Connected Industry 4.0, the network of smart tourist destinations or the Observatory of Commerce 4.0. “It is time to unite, to build a country, and to work collectively” with the aim of seeking a “more digital, sustainable and inclusive” production model, he concluded.

For the fourth vice president and minister for the Ecological Transition, Teresa Ribera, “there is still a lot to do like better manage resources and waste, for example of digital devices so important to our lives.” In this sense, he has drawn attention to the reality that these devices “are not safe for the environment.”

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