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Jazztel in Talks With TeliaSonera on Bid for Yoigo

2014-09-12 04:49:03| Appliances - Topix.net

Jazztel Plc is in talks with TeliaSonera AB over a possible offer for its stake in Spanish mobile-phone unit Yoigo SA, according to a regulatory filing. The process is "still in the initial phase," according to the filing, and "therefore it isn't possible at this time to anticipate the terms and conditions of the transaction if it were to materialize".

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Eurobites: Spain's Jazztel Tunes In to Yoigo

2014-09-11 16:46:37| IT Services - Topix.net

Also in today's EMEA regional roundup: Apple Pay heading for Europe; CEO investigated for insider trading; Huawei lands managed services deal with MTN. Spanish triple-play operator Jazztel plc is in talks over the possible acquisition of TeliaSonera AB 's Yoigo mobile services operation, reports Reuters .

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Jazztel confirms negotiations to buy TeliaSonera's Yoigo

2014-09-11 10:56:00| Telecompaper Headlines

(Telecompaper) Spanish operator Jazztel has confirmed recent press reports that it has begun discussions over the possible acquisition of a stake in TeliaSonera's Spanish mobile unit Yoigo. In a statement to Spain's market regulator CNMV, Jazztel said the talks were still "in an initial phase" and would not necessarily be followed by an offer. The statement adds that Jazztel would also seek to acquire the remaining shareholders' stake if required. The confirmation follows a report in Bloomberg that Jazztel was talking with advisers about a potential transaction to be financed with its own shares. However, the report added that the operator hadn't yet decided whether to proceed with an offer and wanted to avoid a bidding war with other interested parties, such as Orange Spain. Two months ago sources told El Economista that TeliaSonera would be satisfied with around EUR 700 million for Yoigo, some nine times the operator's EBITDA for 2013, but Bloomberg's sources say offers may value Yoigo at less than EUR 500 million.

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