Telia Sells Spanish Unit Yoigo to Masmovil to Refocus on Nordics

  • Deals value Yoigo at $708 million as Masmovil buys out others
  • European telecom operators are pulling back to home markets

Telia AB agreed to sell its majority stake in mobile carrier Yoigo to Masmovil Ibercom SA, ending more than a decade of operations in Spain as the Swedish carrier refocuses on its home market in the Nordics and the Baltics.

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