Wireless Telecommunication Services
Company Overview of Xfera Móviles, S.A.
Xfera Móviles, S.A., also known as, Yoigo, S.A., a mobile company, operates mobile networks. The company was founded in 2000 and is based in Alcobendas, Spain. As of June 14, 2006, Xfera Móviles, S.A. operates as a subsidiary of TeliaSonera Aktiebolag (publ).
Avenida de la Vega, 15
Founded in 2000
Key Executives for Xfera Móviles, S.A.
Compensation as of Fiscal Year 2014.
Xfera Móviles, S.A. Key Developments
Yoigo Announces EUR 130 million Syndicated Loan to Fund 4G
Jul 22 14
Yoigo has signed a five-year syndicated loan agreement with three Spanish banks for EUR 130 million to fund its ongoing 4G network deployment. The Spanish mobile unit of TeliaSonera already has one of the most extensive 4G networks in the country and even has an agreement in place with Telefonica to offer Movistar customers mobile services on its network. Yoigo signed the loan agreement with the Spanish banks Banco Santander, Banco Sabadell and CaixaBank to continue investing in 4G technology and expand a network that covers all of the country's provincial capitals, as well as all cities with over 70,000 inhabitants.
TeliaSonera Sounding Out €700 Million Yoigo Sale
Jul 21 14
TeliaSonera Aktiebolag (publ) (OM:TLSN) has begun sounding out the interest of France Telecom España, S.A and Jazztel plc (CATS:JAZ) in acquiring its unit Xfera Móviles, S.A. (Yoigo), according to unnamed sources cited by El Economista. Before officially kicking off a sale process, TeliaSonera has held initial talks with representatives of Orange and Jazztel with a view to a possible transfer of assets. According to the sources cited by El Economista, that price for Yoigo has now declined significantly to the point that TeliaSonera would be satisfied with around €700 million, some nine times Yoigo's EBITDA for 2013.
Yoigo Reports Earnings Results for the First Quarter of 2014
Jul 18 14
Yoigo reported earnings results for the first quarter of 2014. For the period, the company reported in its net sales in local currency of 19.3% to the equivalent of SEK 1.81 billion. The fall was mainly due to reduced handset sales, which almost halved to SEK 385 million compared to the second quarter of 2013, with lower interconnect revenues and billed ARPU erosion also playing a part. EBITDA for the quarter inched up to SEK 198 million, compared to SEK 184 million in the April-June quarter of last year.
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