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Wireless

MasMovil offers EUR 550 mln for Yoigo - report

Monday 25 April 2016 | 10:31 CET | News
Spanish operator MasMovil has offered EUR 550 million to acquire the 77 percent stake in mobile operator Yoigo owned by Telia, reports El Confidencial. The last-minute offer comes after Zegona, the investment vehicle behind regional broadband provider Telecable, failed to secure funding in time to finalise its EUR 630 million bid to acquire the stake, according to the unnamed sources cited in the report. Zegona and Telia have been in exclusive talks since 18 March but the exclusivity period expired on 22 April, opening the way for MasMovil's final offer to acquire Spain's fourth largest

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Categories: Mobile & Wireless
Companies: Masmovil / Orange / Telecable / Yoigo
Countries: Spain
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