Jazztel/Orange outstanding assets suitor Yoigo considers bid for rival MasMovil
Yoigo, the Spanish mobile operator owned by the Swedish teleco Telia Sonera is considering an offer for its Spanish rival MasMovil, the Spanish-language paper Expansion reported.
Yoigo Chief Executive Eduardo Taulet said on Sunday that should MasMovil acquire outstanding assets from Orange’s acquisition of Jazztel, Yoigo would consider a commercial or corporate agreement with MasMovil.
As reported, MasMovil is a frontrunner to acquire the ADSL network that French teleco Orange may have to sell in order to obtain the EC’s approval for its EUR 3.4bn acquisition of the Spanish operator Jazztel.
MAB-listed MasMovil has a market capitalisation of EUR 217.6m.
Expansion