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Wireless

Yoigo reaches EBITDA breakeven target in Q4

Thursday 3 February 2011 | 10:11 CET | News
Spanish mobile operator Yoigo reached the EBITDA breakeven target in the fourth quarter, four years after it launched operations on the local market in 2006. Yoigo also reached a share of four percent on the Spanish mobile market at end-December 2010, parent company TeliaSonera said. Yoigo posted a positive EBITDA of SEK 78 million, versus a negative SEK 119 in the year-earlier quarter. The improvement was mainly a result of higher net sales and increased share of traffic in Yoigo's own network. Net sales in local currency jumped by 51.6 percent versus the fourth quarter of 2009. Yoigo

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