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Zegona says still in race for Yoigo despite higher bid from rival

Connectivity BusinessbyConnectivity Business
June 20, 2016
in Investments, Space Services
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UK TMT investment fund Zegona said it has reached an agreement with Sweden’s Telia to buy its 77% stake in Spanish mobile unit Yoigo but has failed to secure approval from minority shareholders. Zegona added it has been notified that there is another bidder in the race. UK TMT investment fund Zegona (LSE:ZEG) said it has reached an agreement with Sweden’s Telia (STO:TLSN) to buy its 77% stake in […]

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