Yoigo reaches 4 million subscribers in Spain
- 2014-02-26 09:00 UTC
TeliaSonera’s subsidiary Yoigo, the Spanish mobile challenger and the fourth largest mobile network operator in the Spanish market, today announced at a press conference at the Mobile World Congress in Barcelona that it has reached 4 million subscribers.
Yoigo was launched in December 2006 and became cash flow positive in 2012. At year end 2013 Yoigo reached 3.889.000 subscribers, a 5 percent increase on year end 2012. In a challenging economic climate Yoigo also surpassed the thousand million euro sales mark, billing 1.095 million euros, an increase of 12 percent compared to 2012.
In April 2013 TeliaSonera announced that it would continue to develop the company. "Yoigo has challenged the large players in the Spanish market and has established its brand well. It has great potential for further development," says Johan Dennelind, president and CEO of TeliaSonera.