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Wireless

Zegona to offer over EUR 600 mln for Spain's Yoigo - report

Thursday 12 May 2016 | 10:51 CET | News
Zegona, the investment vehicle behind Spanish regional broadband provider Telecable, is set to announce an improved bid for the controlling stake in mobile operator Yoigo owned by Telia in the next few days, according to unnamed sources cited by El Confidencial. Although Zegona and Telia entered into exclusive talks on 18 March, the exclusivity period expired on 22 April after Zegona failed to secure funding in time to make a bid, opening the way for a rival EUR 550 million bid for Telia's 77 percent stake from MasMovil. However, the sources indicate that Zegona has now secured a EUR 715

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