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Wireless

Yoigo to reach positive cash flow, EBITDA by 2012

Monday 21 November 2011 | 09:11 CET | News
Spanish mobile operator Yoigo, a TeliaSonera subsidiary, has benefited from the tough economic environment as consumers have sought cheaper phone deals, and is on track to meet its targets, Dow Jones reports, citing Per-Arne Blomquist,TeliaSonera's CFO. The statement was made at the Morgan Stanley TMT Conference in Barcelona. "The general environment in Spain is tough, but since we are a low-price player we may even have benefited from this difficult environment," Blomquist said. Yoigo expects to reach positive cash flow and EBITDA by next year, the CFO added. For this year's third quarter

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