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Wireless

TeliaSonera sounding out EUR 700 mln Yoigo sale - report

Monday 21 July 2014 | 08:53 CET | News
TeliaSonera has begun sounding out the interest of operators such as Orange Spain and Jazztel in acquiring its Spanish mobile unit Yoigo, according to unnamed sources cited by El Economista. Before officially kicking off a sale process, the Swedish parent company has held initial talks with representatives of Orange and Jazztel with a view to a possible transfer of assets. The move follows the publication of Yoigo's second-quarter results last week, which saw the operator's net sales drop nearly 20 percent year-on-year to the equivalent of SEK 1.81 billion. Commenting on the results,

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