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Wireless

Telia may consider rival offers for Spain's Yoigo - report

Friday 27 May 2016 | 09:27 CET | News
Telia is preparing to consider other offers for its controlling stake in Spanish mobile operator Yoigo after Telecable owner Zegona failed to secure funding during the exclusivity period, reports El Economista. Although Zegona and Telia entered into exclusive talks on 18 March, Zegona hasn't met some of the conditions the parties agreed to before starting exclusive talks, according to sources cited in the report, with Telia now prepared to consider potentially higher offers from unnamed bidders for its Spanish subsidiary. Earlier reports suggested Zegona was offering around EUR 500 million

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