The Supervision Committee of the Mercado Alternativo Bursátil (MAB) has announced the listing of CommCenter on the Growth Companies segment of this market, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee.
The company’s listing is scheduled to take place next Thursday, December 30th, under the trading code CMM. Trading will be through a price setting mechanism which will match buy and sell orders by means of two daily auction periods or “fixings”, at 12 hrs and at 16 hrs.
DCM Asesores is acting as Registered Adviser, and Banco Sabadell as Liquidity Provider.
CommCenter, the top Movistar product retailer nationwide, deals in the commercialisation of mobile telephony. In this segment the company provides mobile internet access besides other services such as renovating the large volume of mobile terminals active in Spain and competing for lines of rival companies. The company also operates in the fixed telephony line segment, in which the ADSL market and the marketing of content in Spain condition the potential for growth.
With its listing on MAB, CommCenter takes a step forward in a plan defined by the company that stresses the optimisation, verticalisation and professionalization of its structure with a view to completing its expansion to the rest of the country, in this way almost trebbling its distribution network.