Wednesday, 26 July 2017

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…

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