Deals
Zegona Starts Exclusive Talks to Buy Telia’s Spanish Unit
- Deal could be classified as a reverse takeover, Zegona said
- Sweden’s TeliaSonera revived plans to sell Yoigo last year
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Former Virgin Media executive Eamonn O’Hare’s investment company began exclusive talks to buy TeliaSonera AB’s Spanish unit, continuing a strategy of acquiring telecommunications businesses in the country.
The investment firm, Zegona Communications Plc, said Friday it has no agreement to buy the business, Yoigo, and that a deal may not be reached. A transaction could be classified as a reverse takeover, Zegona said in a statement. Telia confirmed its in talks with Zegona.