Telia Company’s divestment of Yoigo in Spain is completed
- 2016-10-06 00:00 UTC
Telia Company’s divestment of its 76.6 percent holding in the Spanish operator Yoigo that was announced on June 21, is now completed. The deal has been approved by all relevant authorities and the buyer is Masmovil, a mobile operator in Spain.
The transaction was completed on an enterprise value for Yoigo of EUR 625 million, of which Telia Company’s 76.6 percent share corresponds to EUR 479 million. The divestment is estimated to generate a capital gain of more than SEK 4 billion and, following debt adjustments, to reduce net debt for Telia Company by approximately SEK 6 billion.
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Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Telia Company.
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