Yoigo continues to well in Spain

Swedish company TeliaSonera has decided to continue developing its Spanish operator Yoigo.

Yoigo has shown an impressive expansion since it was launched in 2006 and the company reached 3.7 million subscriptions at the end of 2012 and  net sales grew 12.5 per cent.

‘Yoigo has great potential for further development, but as its market strategy does not quite match our other operations, we have been prepared to divest it if we were offered a price which fully reflects its future potential. As this requirement has not been met, we have discontinued the sales process and look forward to continue developing the company,’ said Per-Arne Blomquist CEO for TeliaSonera.