Friday, 14 December 2018

Masmovil wins race to acquire Yoigo

By Nick Wood, Total Telecom
Tuesday 21 June 16

Zegona loses out as Spain's self-declared fourth national operator bulks up mobile business.

Masmovil on Tuesday fought off U.K. investment firm Zegona and agreed to acquire 100% of Yoigo, giving parent Telia Company its long-awaited route out of Spain. The deal values Yoigo at €612 million, according to Masmovil. However, a separate statement from Telia said the deal is worth €625 million. With those two figures in mind, Telia's 76.56% holding in Yoigo is worth between €468.5 million and €478.5 million. The acquisition price could increase by up to €96 million if the combined company reaches EBITDA of &euro…

Masmovil on Tuesday fought off U.K. investment firm Zegona and agreed to acquire 100% of Yoigo, giving parent Telia Company its long-awaited route out of Spain. The deal values Yoigo at €612 million, according to Masmovil. However, a separate statement from Telia said the deal is worth €625 million. With those two figures in mind, Telia's 76.56% holding in Yoigo is worth between €468.5 million and €478.5 million. The acquisition price could increase by up to €96 million if the combined company reaches EBITDA of &euro…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry