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Wireless

MasMovil to request EUR 250 mln capital hike - report

Thursday 9 June 2016 | 12:06 CET | News
Spanish operator MasMovil is set to announce a EUR 250 million capital hike in a bid to increase its chances of acquiring the 77 percent stake in mobile operator Yoigo owned by Telia, according to unnamed sources cited by El Confidencial. MasMovil previously tabled a USD 550 million bid for Yoigo to put pressure on Telecable owner Zegona, which was in exclusive negotiations with Telia and recently announced a national roaming deal with Telefonica to guarantee Yoigo's coverage. However, MasMovil has now responded by deciding to increase the EUR 90 million capital hike it had launched to fund

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