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Wireless

Size of Yoigo remains a problem - TeliaSonera

Wednesday 26 February 2014 | 10:52 CET | News
TeliaSonera announced at Mobile World Congress that its Spanish mobile subsidiary Yoigo, the fourth largest mobile network operator in the local market, has reached 4 million subscribers. However, TeliaSonera CEO Johan Dennelind told Reuters during the event that the company remained too small to compete effectively in Spain. "Being number four with a 7 percent market share in a converged market… is not great for long-term profitability or sustainability," he said, adding that "we need to find a way to move Yoigo to a sustainable position." TeliaSonera has a 76.6 percent stake in Yoigo, and

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Categories: Mobile & Wireless
Companies: Telia / Yoigo
Countries: Spain
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