Two cities, two characters, one shared constraint: value gets created in Spain and captured through holding companies somewhere else.
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Expert guides, analysis and tool comparisons on Spain Telecom, Media & Tech from the kurums.com Startup desk — written for business decision-makers and updated as the market moves.
Two cities, two characters, one shared constraint: value gets created in Spain and captured through holding companies somewhere else.
Operators say consolidation funds investment. Regulators say it raises prices. Spain is now the live test of which is right.
A listed company with a 28% state shareholder, an explicit consolidation mandate, and a former chairman now running the national telecom operator.
A Saudi group bought 10%, the Spanish state bought 10% back, the chief executive of 18 years left, and the strategy changed. In that order.
Founded by European airlines to escape American control of their own inventory, and now global infrastructure that almost no traveller can name.