TeliaSonera discontinues Yoigo sale process

Nieuws Mobiel Spanje 2 APR 2013
TeliaSonera discontinues Yoigo sale process

TeliaSonera has decided to continue developing its Spanish operator Yoigo. Yoigo has great potential for further development, but as its market strategy does not quite match its other operations, TeliaSonera had been prepared to divest it if offered a price which fully reflects its future potential, Teliasonera said. "As this requirement has not been met, we have discontinued the sales process and look forward to continue developing the company," said Per-Arne Blomquist, TeliaSonera CEO.

Yoigo’s net sales grew 12.5 percent in local currency to the equivalent of SEK 8.3 billion in 2012. EBITDA grew by 49.3 percent to SEK 627 million. Yoigo ended 2012 with 3.7 million subscribers.

Categories:

Mobiel

Companies:

Telia,  Yoigo

Countries:

Spanje

Tags:

Voice services, Internet Access, Wholesale, M&A buyouts & divestments

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