Zegona has submitted the highest bid for Yoigo – Investing.com Spain

MADRID (Reuters) – British background Zegona submitted the highest bid to buy the Spanish mobile operator Yoigo, TeliaSonera controlled by the Swedish group (ST said Saturday a person familiar with the situation.

Zegona, an investment vehicle formed by two former executives of Virgin Media, has already made investments in the sector Spanish telecommunications to buy the operator Telecable 706 million dollars, including debt, last July.

Zegona and Yoigo declined to comment. TeliaSonera was not immediately available for comment.

The Swedish telecommunications group canceled two years ago, an initial plan to sell Yoigo to renege offers expectations. The British group Vodafone (LON :), considered at that time as a prospective buyer Telstra, has since acquired the Spanish cable operator Ono.

the Spanish telecommunications market has gone through a consolidation process, in which the Orange (PA French group took the broadband operator Jazztel (MC:).

However, the price of a sale of Yoigo not amount to billions of euros that were achieved with Ono and Jazztel bids. In 2013, the first attempt to sell Yoigo was talk of a price of around 1,000 million euros.

Disclaimer: Fusion Media would like to remind you That the data Contained in is not Necessarily this website Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and May Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. Fusion Media doesn`t bear THEREFORE any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or as a result of damage reliance on the information Including data, quotes, charts and buy / sell signals Contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.