Yoigo: not for sale

14 Feb 2008

Spanish mobile operator Xfera (more commonly know by its brand name Yoigo) has denied rumours it is up for sale, saying it remains focussed on achieving a 10% market share by 2015. Yesterday Spanish newspaper El Economista reported that America Movil’s Carlos Slim was interested in acquiring TeliaSonera’s 76.6% stake in the company. ‘I don’t know what the root of these rumours is, but TeliaSonera has told me we have a good plan underway, and we’re happy with our performance,’ Chief Executive Johan Andsjo told Reuters. ‘The company is not for sale,’ he said, adding that other Yoigo shareholders remainded committed. According to TeleGeography’s GlobalComms database, Yoigo ended 2007 with 427,000 customers, a figure it expected to more than double to a million by the end of 2008, to give it a market share of 2.5%.