January 23, 2019 / 11:51 AM / 3 months ago

Spain's Masmovil not interested in buying Euskaltel, to focus on organic growth - CEO

MADRID, Jan 23 (Reuters) - Spanish telecommunications company Masmovil is not interested in buying domestic competitor Euskaltel, CEO Meinrad Spenger said on Wednesday, adding the company prefers to focus on organic growth.

Asked whether he would rule out making a bid for Euskaltel following recent reports that the company was interested, he said; “Yes, we rule it out ... it would not generate value for our shareholders.”

Reporting by Andres Gonzalez; Writing by Paul Day; Editing by Joan Faus

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