TeliaSonera drops Yoigo sale plans – report

Nieuws Mobiel Spanje 27 DEC 2012
TeliaSonera drops Yoigo sale plans – report

TeliaSonera has decided to drop its plans to sell Spanish mobile operator Yoigo. Yoigo will continue to operate independently during 2013, ADSLzone.net reports, citing unnamed sources close to the matter.

Several operators, including Movistar, Vodafone and Orange, have showed interest in acquiring TeliaSonera’s Spanish unit, but the operation failed to complete mainly due to the high price set by parent company TeliaSonera. According to press reports, the sale price was set at around EUR 1 billion, with an average price of EUR 300 per customer. Yoigo currently serves over 3.5 million customers across Spain.

According to the same sources, the sale process failed also due to the frequency issues. Yoigo's 3G license would have to be given back to the regulator if the buyer already held a 3G license in the country.

Categories:

Mobiel

Companies:

Telia,  Yoigo

Countries:

Spanje

Tags:

Shareholders & subsidiaries, Wholesale, M&A buyouts & divestments

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Movistar too eyes Yoigo acquisition

Movistar is considering the acquisition of Spanish mobile operator Yoigo, which is now being sold by Nordic owner Teliasonera, the Movilonia portal reports, citing news agency Servimedia. Eva Castillo, president of Telefonica Europe, said in a recent meeting with investors, that Telefonica will closely monitor the potential sale of mobile operator Yoigo. Orange and Vodafone have also shown interest in acquiring Yoigo.

SPANJE 27 SEP 2012

Vodafone to study Yoigo acquisition – CEO

Vodafone will study the possibility of acquiring Yoigo if it will be put up for sale, El Economista reports, citing Vodafone's CEO, Vittorio Colao. The statement follows recent press reports claiming that Teliasonera plans to start the sale process for its Spanish mobile unit Yoigo in the next two weeks. Information documents will go out soon to bidders, after being delayed over the summer by holidays and the departure of Yoigo's CEO Johan Andsjo at end-August, Reuters earlier reported, citing three people

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Teliasonera to put Yoigo unit up for sale soon – report

Teliasonera will start the sale process for its Spanish mobile unit Yoigo in the next two weeks. The deal is expected to attract bids from Orange and Vodafone, Reuters reports, citing three people familiar with the matter. According to these sources, information documents are set to go out soon to bidders, after being delayed over the summer by holidays and the departure of Yoigo's CEO Johan Andsjo at end-August.

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America Movil is not currently interested in acquiring TeliaSonera's Spanish unit Yoigo, Reuters reports, citing America Movil CEO Daniel Hajj. "Not for the moment. We are focused on Austria and the Netherlands," Hajj said, referring to the Mexican company's recent acquisitions of large stakes in Telekom Austria and Dutch peer KPN. Back in July, Reuters reported that TeliaSonera was selling Spanish mobile operator Yoigo, according to four people familiar with the matter.

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