Asociatel absorbs three telecommunications subsidiaries in Madrid

Asociatel Integrador de Servicios, S.L.U. has approved the merger by absorption of three of its subsidiaries in the telecommunications sector, which will be dissolved and extinguished without liquidation. The decision was adopted by the Sole Shareholder of the absorbing company on September 7, 2026, and is made public in the Official Gazette of the Mercantile Registry (BORME) number 176, dated September 11, 2026, page 6164, with the official reference BORME-C-2026-4946.

The operation is registered in the Second Section of the gazette, dedicated to announcements and legal notices, within the section for company mergers and acquisitions. It is carried out in accordance with the procedure provided for in articles 9 and 53 of the Structural Modifications Law (LME), approved by Royal Decree-Law 5/2023, of June 28, which transposes European directives on this matter.

The companies involved

The absorbing company is Asociatel Integrador de Servicios, S.L.U., with N.I.F. B-86892239. The three absorbed companies, all of which are group subsidiaries based in Madrid, are:

• Asociatel Gestión Integral, S.L.U., with N.I.F. B-87819496.
• Asonorte Gestión de Servicios de Telecomunicaciones, S.L.U., with N.I.F. B-87226122.
• Servicios Corporate Asociatel, S.L.U., with N.I.F. B-87642476.

Procedure and approval

The merger is based on the common merger project signed by the Sole Administrator of the absorbing and absorbed companies, dated June 30, 2026, which was approved by the Sole Shareholder of the absorbing company along with the merger balance sheet. As it is a merger by absorption of wholly-owned companies, it follows the simplified route of article 53.1.4º of the LME.

As a result of the operation, the three subsidiaries are dissolved and extinguished without liquidation, transferring their corporate assets as a whole to the absorbing company, which acquires them by universal succession and is subrogated to all the rights and obligations that compose them.

Rights of shareholders and creditors

The announcement expressly states the right of the shareholders and creditors of the participating companies to obtain the full text of the agreements adopted and the merger balance sheet, as provided for in article 10 of the LME. This right of opposition allows creditors to challenge the operation if they consider that their credits may be affected.

The announcement is signed in Madrid on September 8, 2026, by the natural person representative, Mr. Carlos Gató Rego, of the Sole Administrator, PEF 2 Numbers Holding, S.L., of the four commercial entities involved.

Impact of the operation

The merger entails an internal restructuring of the Asociatel group in Madrid, which concentrates the service integration activity and the comprehensive management, telecommunications, and corporate services lines into a single company. For partners and creditors, the operation opens an opposition period during which they may exercise their rights before the asset integration is definitively consolidated.

Source: Official Gazette of the Mercantile Registry (BORME), no. 176, September 11, 2026, Second Section – Company mergers and acquisitions, page 6164 (official reference: BORME-C-2026-4946).