Zegona said to make highest Yoigo bid

14 Mar 2016

Zegona, the UK-based investment vehicle set up by two former Virgin Media executives Eamonn O’Hare and Robert Samuelson, has reportedly made the highest offer to acquire Spanish mobile network operator Yoigo, according to Reuters, which cites an unnamed source familiar with the matter. No details regarding the proposed value of the deal were mentioned, while no official comments on the development were forthcoming from any of the players said to be involved.

As previously reported by CommsUpdate, back in November 2015 it was suggested that, hot on the heels of acquiring Spanish cableco Telecable, Zegona was eyeing Yoigo as another possible purchase. Yoigo’s current owner, Sweden’s TeliaSonera, actually halted plans to sell off the unit around two years ago, meanwhile, after initial bids failed to meet its expectations.

Spain, Telia Company, Xfera Moviles (Yoigo), Zegona