Spanish operator Masmovil has decided to update the terms of a wholesale agreement with Telefonica to achieve a certain level of savings that will allow the operator to achieve the expected growth rate in order to meet spending obligations.

As per the new deal, Masmovil would deliver annual pre-tax reductions of €28 million from fees related to access, transmission and its national roaming agreement. In return, the operator will spend a minimum of €100 million with Telefonica for the next five years.

The new terms stipulate a reduction in cost paid per GB for data access, changes in residential fiber agreements, updates mobile backhaul terms and the transfer of Lycamobile Spain mobile lines to Masmovil’s network.