|Bid||5.92 x 0|
|Ask||11.08 x 0|
|Day's range||10.94 - 10.94|
|52-week range||7.54 - 11.26|
|Beta (5Y monthly)||0.75|
|PE ratio (TTM)||34.08|
|Earnings date||28 Apr 2021|
|Forward dividend & yield||0.34 (3.10%)|
|Ex-dividend date||15 Jun 2021|
|1y target est||8.46|
MADRID (Reuters) -Telecom companies leasing radio frequencies crucial to deploying 5G mobile data services will no longer be required to grant rivals access to their networks, Spain's government said on Monday in newly-released terms for an upcoming spectrum auction. Spain boasts Europe's most advanced fibre network, but its telecom sector has suffered from market fragmentation and high overheads, with margins shrinking and debt rising year by year. "The obligation for majority concessionaries to grant access has been removed to incentivise the rollout (of 5G) data services," a spokeswoman for Spain's telecom and digital infrastructure department told Reuters.
Spain's Masmovil announced on Sunday a friendly takeover bid for rival telecoms firm Euskaltel worth nearly 2 billion euros ($2.4 billion). Masmovil said in a statement to Spain's CNMV stock market supervisor that it had the agreement of shareholders who hold 52.32% of the capital for the bid, which would see it pay 11.17 euros per share in cash. That represents a premium of 26.8% on the average price of the shares over the past six months, Masmovil said.