Yoigo

MásMóvil, el cuarto grupo español de telecomunicaciones, refuerza su apuesta por la comercialización de energía eléctrica creando la marca EnergyGO, que ofrece un ahorro estimado del 20% a los clientes de su marca Yoigo de telefonía.

Spanish operator Masmovil is set to launch a pilot of its Yoigo-branded banking services, offering customers mobile and traditional finance products including credit cards, Expansion reported.

EXCLUSIVE INTERVIEW: Masmovil CEO Meinrad Spenger (pictured) is confident the company now has the resources to take the fight to larger rivals in Spain, following its acquisition of the country’s smallest player Yoigo in 2016.

Telia agreed to sell its 76.6 per cent stake in Spanish operator Yoigo to Masmovil for €479 million “as part of its strategy to increase focus on operations in the Nordics and Baltics”, dashing the hopes of UK investment fund Zegona.

The bid to acquire a 75 per cent stake in Spanish operator Yoigo held by Telia is reaching a critical phase. Local MVNO Masmovil and UK investment firm Zegona are going head to head, reports Expansion.

UK-based tech investor Zegona Communications missed the deadline to make a bid for a 75 per cent stake in TeliaSonera’s Spanish unit Yoigo due to “funding problems”, El Confidencial reported, allowing Masmovil to swoop in and make an offer of €550 million.

UK investment fund Zegona confirmed it “has entered into an exclusivity agreement with TeliaSonera” regarding its Spanish unit Yoigo, following “press speculation” last week that Zegona had bid more than €500 million for a 77 percent stake.