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TeliaSonera May Seek to Acquire Jazztel or Ono, Berenberg Says 2014-02-19 09:02:27.651 GMT
By Sam Chambers Feb. 19 (Bloomberg) -- TeliaSonera’s Spanish unit Yoigo appears particularly poorly positioned and risks becoming deeply marginalized, Berenberg says. * Berenberg: One way of offsetting risk would be to buy Jazztel or Ono from “under the noses” of its rivals, and then become a potential target for Vodafone or Orange * Yoigo could seek to form JV with Orange, before attempting to acquire Jazztel * Telia could also seek to sell Yoigo to Vodafone or Orange; may fetch EU1.6b for the unit * Rates Telia hold with PT of SEK42 * NOTE: Orange said to eye Spain Acquisition with Jazztel among targets * NOTE: Vodafone is said to approach ONO for potential acquisition * NOTE: Telia halted the proposed sale of Yoigo in April 2013 after failing to attract suitable offers
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--Editor: James Cone
To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net