The modification of the Andorra Telecom Law allows the internationalization of the company's activity. The first operation is the entry into the capital of MásMóvil, the fourth Spanish mobile operator. The investment is 10.5 million euros that allow the acquisition of 2.7 percent of the company's shares within the capital increase operation of the company worth 159 million euros to finance the purchase of Yoigo and Pepe Phone operators.
The strategic map of the company, presented to the legislative committee of Land Use Planning of the General Council, already provided for the entry into the capital of a foreign operator. The board of directors and the management of Andorra Telecom evaluated the financial opportunity that represented the capital increase of MásMóvil.
The fourth Spanish operator has 4.3 million customers and has a 10.5 percent share of the residential mobile market and a turnover exceeding 1,000 million euros.