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Spains Yoigo Up for Sale Again

Teliasonera is reported to be in talks that might see it promoting its Spanish cell networks subsidiary, Yoigo.

The sale of the Spanish community has been on and off for a number of years, with Teliasonera canceling the final important try to promote the corporate in 2012, citing low bids.

Now talks a few sale are stated to be on once more following a reported method from the native telecommunications supplier Masmovil Ibercom, in addition to personal fairness buyers.

Citing sources acquainted with the talks, a sale could possibly be price round US$570 million. That’s decrease than the provides the corporate rejected prior to now, however the market has shrunk since then, lowering the worth of the corporate.

Teliasonera owns seventy six.fifty six% of the Spanish cell community. In response to our data, ACS, a development and providers group, has a 17 p.c stake, FCC a 3.4 % stake and Telvent a 3 p.c stake.

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