TeliaSonera to keep Spanish Yoigo for now

I had no clue TeliaSonera is a majority owner of Yoigo, my favorite Spanish operator which I (and the rest of the IntoMobile crew) use when attending the Mobile World Congress in Barcelona… You learn something every day.

Anyway, the Swedish carrier said it would keep its stake in Yoigo for now, and will try to make it profitable by late next year.

TeliaSonera has been also exploring options to sell the loss-making Yoigo, but decided to stick with it as now is not the time to sell.

For the record, Yoigo and virtual mobile operators (MVNOs) have been wooing recession-hit customers with flat rate cheap per-minute deals.

[Via: Reuters]