MásMóvil Ibercom, trading in the U.S. over‐the‐counter as MMBMF, is the fourth‐largest telecommunications operator in Spain. Originally founded in 2006 under the name Xtra Telecom, the company has grown through a series of acquisitions and organic network buildouts to establish a full‐service offering across broadband, fiber, mobile telephony and pay television. It operates under several retail brands, including Yoigo, MásMóvil, LlamaYaMás and Lebara, to serve both residential and small‐business customers.
The company’s core services include fixed and mobile broadband access delivered over a combination of its own fiber‐to‐the‐home network and leased capacity on incumbent operators’ infrastructures. MásMóvil Ibercom also offers convergent “quad‐play” bundles—combining internet, voice, mobile and streaming TV—and provides wholesale access and network sharing to other service providers. In recent years, the group has expanded its product range to include Internet of Things (IoT) connectivity and business‐grade solutions such as cloud hosting, managed security and unified communications.
MásMóvil Ibercom’s coverage spans virtually the entire Spanish population, with direct fiber access to more than 20 million premises and mobile nationwide service supported by its own frequencies as well as national roaming agreements. The company solidified its presence in key regional markets through the acquisitions of operators such as Euskaltel in northern Spain and Telecable in Asturias. These strategic moves, alongside a focus on cost‐efficient network deployment, have helped MásMóvil rapidly scale its customer base.
In April 2022, MásMóvil Ibercom became privately held after a consortium led by Cinven, KKR and Providence Equity Partners took the company off the Spanish stock exchanges. Under the leadership of CEO Meinrad Spenger, who has steered the group since 2010, MásMóvil continues to pursue a strategy of network expansion, service diversification and customer‐centric pricing in the highly competitive Spanish telecom market.
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