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Telia completes Yoigo sale

Telia Co. AB completed the sale of its 76.6% stake in Spanish mobile operator unit Yoigo to MásMóvil.

Telia in June agreed to sell its 76.6% stake in Yoigo to MásMóvil for €479 million. The transaction was completed on an enterprise value for Yoigo of €625 million.

The divestment is estimated to generate a capital gain of more than 4 billion Swedish kronor and, following debt adjustments, to reduce net debt for Telia by about 6 billion kronor.