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TeliaSonera confirmed it is in exclusive talks with UK-based venture capital firm Zegona over a possible takeover of its Spanish mobile unit Yoigo.
The move follows months of speculation about the future of Spain's fourth-largest mobile operator after TeliaSonera indicated it was continuing to review its presence in the Spanish market. The company currently controls 76.6 per cent of Yoigo.
In February, reports said Sweden-based TeliaSonera had commissioned Deutsche Bank to launch the process for a potential sale of the unit, with Zegona and Spanish operator Másmovil Ibercom cited...