Medux raises 10 million to strengthen its international expansion

Medux, the Spanish company specializing in measuring the perceived quality of telecommunications networks (especially mobile networks) by users, is finalizing a €10 million injection to address growth plans outside of Spain with the acquisition of two companies in its sector.

Partners

Medux is primarily owned by the Spanish technology and telecommunications group BTS , which controls 36% of Medux 's capital. Medux's founder and CEO, Luis Molina , also holds 21% of the capital, while the fund manager Inveready, led by Josep María Echarri, holds 20% and, together with other related partners —who regularly invest alongside them—holds a combined 30%.

The €10 million injection comes from two sources. Banco Santander is providing a €5 million loan, already signed and disbursed. Current and new partners will contribute the remaining €5 million, in a transaction that is in its final stages and is expected to close in the coming weeks.

External growth

With these resources, Medux will undertake the acquisition of two companies that will strengthen its foreign presence. Medux already operates in thirty countries, primarily in Europe and Latin America. The company primarily works for telecommunications operators and industry regulators who want to truly understand the quality perceived by their users. With the two new acquisitions, which are already underway—they are already undergoing due diligence —the Spanish group aims to increase its presence in Europe and Latin America and, in addition, strengthen organic growth in key markets such as North America (United States and Canada) and the Middle East.

Income

Medux posted revenues of €11 million and EBITDA of €3.5 million in 2024, and expects to reach total revenues exceeding €15 million for this year, representing growth of at least 36%, with EBITDA of approximately €5 million, an increase of 43%.

Medux collaborates with some of the world's leading telecommunications operators, including Telefónica, Vodafone, AT&T, Orange, Claro, and others, as well as numerous regulators and governments.

Its proprietary, multi-platform technology, capable of assessing digital service quality on mobile and fixed networks, combines massive data collection ( crowdsourcing, i.e., downloading an app from customers' mobile phones that monitors network quality ), as well as specialized measurement robots—mounted in vehicles that travel across the site—combined with intelligent analytics that generate real-time information. These capabilities are already being used by operators, regulators, and enterprises to monitor service performance, ensure regulatory compliance, and support strategic decision-making.

In Spain, Medux has been awarded the first two contracts issued by the National Commission of Markets and Competition (CNMC) to monitor quality and report from official sources. This is the first double campaign launched by the regulator to measure user experience in telecommunications services, setting a precedent for oversight and improvement in the sector.

It also collaborates with the country's leading telecommunications operators: Telefónica, Masorange, Vodafone Spain, Digi, and Avatel.