Vodafone could bid for Yoigo depending on EC’s stance on mergers

24 Apr 2014

UK-based Vodafone Group may consider a bid for Spanish alternative operator Yoigo once it becomes clear how strict the European Commission (EC) might be with regards to such a merger, Reuters reports, citing the British company’s chief executive. With Yoigo, which is currently owned by Sweden’s TeliaSonera, thought to have been a potential acquisition target for Vodafone for some time, the latter’s CEO Vittorio Colao was quoted as saying: ‘We are obliged to look at everything, although for something like Yoigo we would need the European Commission to make its stance clear on current consolidation deals.’ As such, it is believed that Vodafone will keep an eye on the EC’s decision on Telefonica’s proposed purchase of KPN’s German subsidiary E-Plus, to see whether the European body demands any concessions in return for approving the deal.

Meanwhile, following the publication yesterday of TeliaSonera’s results for the first quarter of 2013, the Swedish company’s chief executive Johan Dennelind reiterated comments made earlier in the year claiming that Yoigo is currently too small to compete, and needs to grow its market share lest it be sold off.

Spain, Telia Company, Vodafone Group, Xfera Moviles (Yoigo)