SPANISH SMALL & MID CAPS



Masmovil has cornered the main operators in Spain:Movistar,Vodafone and Orange

MasMovil Would Be Competition For Telefonica

New Telefonica’s commercial brand in Spain O2 will aim to cover all segments of the low and medium cost market where the entry of Masmovil  has caused competition. Masmovil gained 201,000 new lines in April, while Telefonica gained 1,200 new connections, Orange lost 1,900 lines and Vodafone 4,500.

 







Tubos Reunidos' share price declines by 40%

Tubos Reunidos drops 40% in two days because PWC casts doubts on its capacity to continue operating

The share price of Spanish Tubos Reunidos, manufacturer of tubular steel, has accumulated declines of 40% since the auditor’s report from PWC, publised on March 13, said the following: “significant deviations in the key measures and hypothesis of the plan (…) point to a basic uncertainty which may create important doubts about the Group’s capacity for continuing to operate.”