Deals
TeliaSonera Said to Revive Sale of Spanish Mobile Unit Yoigo
- Masmovil, private-equity firms interested in Yoigo business
- Potential sale could fetch as much as 500 million euros
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Teliasonera AB is reviving plans to sell its Spanish mobile-phone unit Yoigo SA after receiving interest from local telecommunications provider Masmovil Ibercom SA as well as private-equity firms, according to people with knowledge of the matter.
A sale of Yoigo could fetch about 500 million euros ($567 million), the people said, asking not to be identified because the discussions are private. One or more buyout firms may bid alone, or by teaming up with Masmovil, the people said. No final decision has been made and Stockholm-based TeliaSonera could still decide against a sale, the people said.