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Telia completes sale of Yoigo stake to Masmovil

Connectivity BusinessbyConnectivity Business
October 6, 2016
in Investments, Space Services
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Swedish telco Telia has finalised the divestment of its 76.6% stake in Spanish mobile operator Yoigo to MVNO Masmovil after securing approval from all relevant authorities. The enterprise value for Yoigo was €625m (US$700m), of which Telia’s holding corresponds to €479m (US$536m). Minority shareholders ACS, FCC, and Abengoa held the remaining 23.4%. Swedish telco Telia (STO:TLSN) has finalised the divestment of its 76.6% […]

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Tags: AbengoaACSAga Khan Fund for Economic DevelopmentEuropeFCCJazztelMasmovilOrangeOrange SpainPepephonePremiumTcellTeliaTF249Yoigo
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