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25 March 2022

BBVA advises Hispasat on the acquisition of AXESS Networks

BBVA has acted as sole financial advisor to Hispasat in the acquisition of AXESS Networks. The latter, a renowned teleport operator and a world leader in the provision of satellite telecommunications services, offers turnkey solutions tailored to its customers' individual requirements and has been awarded Independent Teleport of the Year 2021 by the WTA (World Teleport Association).

 

The 123.5 million dollar transaction is part of the strategy defined in Hispasat's 2020-2025 Strategic Plan, aimed at remodeling the company as a provider of satellite solutions and services in its target markets. The acquisition of AXESS Networks allows Hispasat to become more involved in the managed services value chain, thereby providing a closer relationship with the customer, the ability to adapt and a rapid adaptation of its solutions in a sector that is undergoing major technological disruption.

After having participated in some of the most important operations in the sector, this transaction reinforces BBVA's position as an M&A advisor and consolidates its role as a leader in technology, media and telecommunications (TMT) deals in Spain and Portugal throughout 2019-2022 YTD. The skills and expertise of BBVA Corporate & Investment Banking in complex M&A transactions have been crucial to the success of the deal.