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Wireless

MasMovil in race with Zegona to acquire Spain's Yoigo-report

Monday 6 June 2016 | 08:55 CET | News
Update: 6 June 2016 | 16:49 CET
Spanish operator MasMovil has made the highest bid to acquire the 77 percent stake in mobile operator Yoigo owned by Telia, according to unnamed sources cited by Expansion. MasMovil previously tabled a USD 550 million bid for Yoigo to put pressure on Telecable owner Zegona, which was in exclusive negotiations with Telia. However, Zegona's bid has been held up by the objections of Yoigo's minority shareholders ACS, Abengoa and FCC, said the sources.

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[06/06/2016 16:49 - Update: Added additional information ]


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Categories: Mobile & Wireless
Companies: Masmovil / Pepephone / Yoigo
Countries: Spain
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