M&A Deal Summary

MasTec Acquires Sistemas E Instalaciones De Telecomunicacion SA

On April 30, 1996, MasTec acquired construction company Sistemas E Instalaciones De Telecomunicacion SA from Telefonica for 40M USD

Acquisition Highlights
  • This is MasTec’s 2nd transaction in the Construction sector.
  • This is MasTec’s 10th largest (disclosed) transaction.
  • This is MasTec’s 1st transaction in Spain.

M&A Deal Summary

Date 1996-04-30
Target Sistemas E Instalaciones De Telecomunicacion SA
Sector Construction
Buyer(s) MasTec
Sellers(s) Telefonica
Deal Type Divestiture
Deal Value 40M USD

Target

Sistemas E Instalaciones De Telecomunicacion SA

Lugo, Spain
Sistemas E Instalaciones De Telecomunicacion SA is a provider of telecommunications infrastructure construction services in Spain, Argentina, Chile and Peru.

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Buyer(S) 1

Buyer

MasTec

Coral Gables, Florida, United States

Category Company
Founded 1929
Sector Construction
Employees32,000
Revenue 12.3B USD (2024)
DESCRIPTION
MasTec's corporate headquarters in Coral Gables, Florida.
MasTec's corporate headquarters in Coral Gables, Florida.

MasTec is an infrastructure construction company operating mainly throughout North America. MasTec's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as: wireless, wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation; and industrial infrastructure. MasTec was formed in 1929 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 4 of 30
Sector: Construction M&A 2 of 23
Type: Divestiture M&A Deals 1 of 2
Country: Spain M&A 1 of 1
Year: 1996 M&A 2 of 2
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-07 Carolina Com-Tec

United States

Carolina Com-Tec, Inc. is a company engaged in installing and maintaining voice, data and video networks.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Phasecom Systems

Toronto, Ontario, Canada

Phasecom Systems, Inc. is a construction company.

Buy -

Seller(S) 1

SELLER

Telefonica

Madrid, Spain

Category Company
Founded 1924
Sector Communications
Employees100,870
Revenue 41.3B EUR (2024)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.


DEAL STATS #
Overall 1 of 15
Sector: Construction M&A 1 of 1
Type: Divestiture M&A Deals 1 of 14
Country: Spain M&A 1 of 3
Year: 1996 M&A 1 of 1
Size (of disclosed) 10 of 11
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-28 Telefonica Moviles S.A.

Madrid,, Spain

Telefonica Moviles, S.A. is a provider of wireless communications and related services and products.

Buy -