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Wireless

Zegona back in pole to buy Yoigo after reaching roaming deal

Wednesday 8 June 2016 | 09:09 CET | News
Telecable owner Zegona is back in pole position in the race to acquire the 77 percent stake in mobile operator Yoigo owned by Telia after reaching a national roaming deal with Telefonica, reports El Economista. Although rival Spanish operator MasMovil has made the highest bid for Telia's controlling stake, Zegona's roaming agreement with Telefonica, which currently handles around half of Yoigo's data throughout Spain, is likely to guarantee that costs don't skyrocket. In addition, Zegona's USD 550 million bid has been fully underwritten by Goldman Sachs, putting pressure back on MasMovil,

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Categories: Mobile & Wireless
Companies: Masmovil / Telecable / Telefonica / Yoigo
Countries: Spain
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