No rush for Yoigo sale, CEO claims

16 Nov 2012

The CEO of Spanish mobile network operator Xfera Moviles (Yoigo), Lars Nyberg, has claimed that parent company TeliaSonera is not in a rush to sell the company, Bloomberg reports. As previously reported by CommsUpdate, at the end of September 2012 it was rumoured that the Swedish telecoms giant was preparing to begin the sale of Yoigo within two weeks, following reports in July that TeliaSonera had hired Deutsche Bank to manage the sale of its 76% stake in the cellco, as it seeks to exit non-core markets in favour of Nordic countries and central Asian markets.

However, Mr Nyberg was cited as saying of the potential sale: ‘I don’t want to sell too cheap, so let’s see if we can reach a position in which we have a buyer and a seller … We are not in a hurry.’ With UK-based Vodafone Group and France Telecom-Orange both having been mooted as potential buyers, Nyberg declined to comment further on the sale process, only noting that any deal may not be ready by the end of this year.

Spain, Telia Company, Xfera Moviles (Yoigo)