Telia sells Spanish operator Yoigo to Masmovil for €479 million
Spain’s fourth mobile network operator, Yoigo, has been sold by its parent company Telia to Spanish telco Masmovil to create a multiplay challenger.
Spain’s fourth mobile network operator, Yoigo, has been sold by its parent company Telia to Spanish telco Masmovil to create a multiplay challenger.
Swedish operator group TeliaSonera and telecoms investment group Zegona have both confirmed they’re in exclusive talks over the sale of Spanish MNO Yoigo.
TeliaSonera’s Spanish subsidiary Yoigo, the fourth largest challenger in the Spanish mobile market reached four million subscribers last week.
Swedish operator group TeliaSonera has announced that its Spanish subsidiary Yoigo will launch LTE services in July. In doing so, it will become the first in Spain to offer 4G services.
Swedish operator group TeliaSonera will retain its Spanish subsidiary Yoigo as it has not received a suitable offer for the business from prospective buyers, the firm has said.
Despite the fact that the credit crunch has taken its toll on the global telecoms market, analysts believe there is still room for challengers in the European mobile space.
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