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MasMovil close to finalising preliminary deal for Yoigo

2016-06-21 08:29:00| Telecompaper Headlines

(Telecompaper) Spanish operator MasMovil is set to finalise a preliminary deal with equity group Providence that would enable it to acquire the stakes in Yoigo held by leading shareholders Telia and ACS, reports Expansion. The deal could see Providence becoming one of the shareholders of Masmovil by funding part of the operator's proposed capital hike or buying convertible bonds issued by the group, said the report, adding that the equity group was one of Ono's shareholders before the cable provider was sold to Vodafone in 2014. MasMovil's shareholders are due to vote on the company's proposed EUR 250 million capital hike at a 23 June meeting.

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