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Masmovil plans to boost capital hike to €230m amid rumours it is still after Yoigo

Connectivity BusinessbyConnectivity Business
June 9, 2016
in Financing, Investments, Space Services, Strategy and Markets
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The board of Spanish MVNO Masmovil has asked shareholders for permission to raise its planned capital increase to €230m (US$260m) from €90m (US$102m) amid rumours that it may submit a sweetened offer for Telia’s 75% stake in local mobile unit Yoigo. The proposed transaction would see the company issue some 11.77 million new shares for €19.55 apiece. […]

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Tags: EuropeGoldman SachsMasmovilPremiumTelecableTelefónicaTeliaTF246Yoigo
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