Orange Espana would be interested in Yoigo or Jazztel acquisitions

4 Sep 2014

France-based Orange Group could consider bidding for alternative Spanish operators Jazz Telecom (Jazztel) or TeliaSonera-owned Yoigo should either company be put up for sale. According to Reuters, while the finance director for Orange Espana, Federico Colom, was cited as saying that the company’s priority was to grow organically, in reference to a previously cancelled sale of Yoigo he noted: ‘If a sale process were reopened formally, we intend to participate.’

As previously reported by CommsUpdate, TeliaSonera abandoned plans to sell its Spanish mobile unit in April last year, after offers for Yoigo fell short of expectations. Preparations for the sale of the Swedish company’s 76% stake in the cellco had gotten underway in the second half of 2012, following reports in July that the firm had hired Deutsche Bank to manage the divestment, as it sought to exit non-core markets in favour of Nordic countries and central Asian markets. More recently, however, in July 2014 TeliaSonera confirmed it was still considering divesting its operations in Spain, saying that amid fierce competition, and ‘forced by a strong convergence trend that puts pressure on [its] mobile-only business’, it was reviewing its future presence in the market.

Spain, Jazztel, Orange Espana (incl. Jazztel), Xfera Moviles (Yoigo)