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TeliaSonera’s Yoigo Won More Than 200,000 Connections in July

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Sept. 3 (Bloomberg) -- Yoigo, the Spanish mobile-phone operator put up for sale by owner TeliaSonera AB, said it won more than 200,000 connections from competitors in July.

“Yoigo has tremendous opportunities to continue to grow and add lines with small and medium-sized companies in Spain,” Chief Executive Officer Eduardo Taulet, who took over two days ago, told reporters in Santander, Spain, today.

TeliaSonera AB CEO Lars Nyberg said as recently as July 18 that Yoigo was for sale. TeliaSonera, Sweden’s biggest phone company, on that day lowered its 2012 margin forecast after sales fell in its mobile phone services and broadband units amid mounting competition.

Taulet said Yoigo might not be sold as the business is in a “much better position than in 2008 when there were also rumors and nothing happened.” Yoigo is focusing on its business and any decision about a sale is up to the shareholders, he said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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