France Telecom to bid for Spain’s Yoigo?

France Telecom to bid for Spain's Yoigo?

France Telecom’s CFO Gervais Pellissier said that they are likely to place an offer for the Spanish mobile network, Yoigo. During France Telecom’s recent financial results conference, Pellissier noted that Yoigo would be a small acquisition… “so it is probable that we will submit an indicative offer.”

Yoigo, which is the smallest mobile network in the country and one we use during our visits in Barcelona, has a 5.6% market share and is majority owned (76.56%) by Teliasonera.

The key issue in the acquisition would be Yoigo’s 3G license, which would likely have to be surrendered back to the regulator, since France Telecom’s Orange subsidiary already holds a 3G license in Spain.

Yoigo was awarded the country’s fourth mobile license in 2000 during the height of the 3G licenses bubble. Known at the time as Xfera, the company struggled to launch its network and after several shareholders sold their stakes to Teliasonera, the network launched in June 2006…

[Via: CellularNews]

Back to top ▴