The shareholders of large companies are often interested in knowing the value of their companies from an independent perspective, avoiding the logical biases of banks and large consulting firms. To do this, the solution is to contact a specialized boutique.

In this case, the objective was one of the large communications companies operating in Spain. This sector, as is well known, has experienced dizzying changes since the mid-nineties. Today, the priority is value-added services, gradually leaving aside traditional services such as calls, messages or prepaid cards.

Therefore, the valuation of a company of this type is a complex exercise that requires clearly dissecting the different businesses. The reason is that it is necessary to use different valuation techniques for different types of businesses. For example, the technique is different for cases with a short, medium or long horizon, for stable or volatile ones, for those that foresee small or large growths, and finally and for businesses that have not started (“start-ups”) but that can be disruptive.

In this case, we use different techniques for prepaid cards, postpaid, flat rate internet, access to platforms, 5G, 6G, big data and Internet of Things.