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Wireless

TeliaSonera considering EUR 500 mln sale of Yoigo - report

Tuesday 20 October 2015 | 09:25 CET | News
TeliaSonera is again considering the possibility of selling its 77 percent stake in Spanish mobile unit Yoigo after rival telecoms provider Masmovil Ibercom expressed an interest in acquiring Spain's number four operator, according to unnamed sources cited by Bloomberg. After nine years of activity in Spain, Yoigo still boasts over 3.4 million customers but its relatively low market share remains a concern to the Swedish parent company, which could raise around EUR 500 million from a sale of its stake, said the sources. Private-equity firms are also interested in the unit and may team up with

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Categories: Mobile & Wireless
Companies: Jazztel / Masmovil / Orange / Telia / Vodafone / Yoigo
Countries: Spain
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