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Wireless

Telia completes sale of Spanish operator Yoigo to MasMovil

Thursday 6 October 2016 | 11:20 CET | News
Swedish telecommunications group Telia has confirmed that the sale of its 76.6 percent stake in Spanish mobile operator Yoigo to MasMovil is now complete. The agreement was first announced back in June, with Telia's share of Yoigo amounting to EUR 479 million, based on Yoigo's enterprise value of EUR 625 million. Following debt adjustments, the divestment will reduce Telia's net debt by around SEK 6 billion, said the company, adding that it had decided to sell its Spanish unit to focus on its operations in the Nordics and Baltics.

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