Zegona said it would continue to pursue an acquisition of Spanish mobile operator Yoigo in spite of the uncertainty caused by the emergence of a rival bidder prepared to offer a higher price.
Zegona remains in talks with the owners of Spanish operator Yoigo, with sources close to the deal suggesting that reports that the UK-based venture capital company had missed a key deadline for the submission of bids are inaccurate.
TeliaSonera said it has completed the previously announced sale of its Ncell operation in Nepal, which also represents a first step in the disposal of the company's assets in Eurasia.
Yoigo, Spain's fourth-largest mobile operator that is the subject of takeover talks between UK investor Zegona and existing parent TeliaSonera, has again reduced the data allowance in its market-leading €29 ($33) tariff from 20 GB to 8 GB in a move that will likely further weaken its position on the market.
TeliaSonera confirmed it is in exclusive talks with UK-based venture capital firm Zegona over a possible takeover of its Spanish mobile unit Yoigo.
Samsung will become one of the first consumer electronics manufacturers to offer a direct cellular connection to its wearable devices through a deal with digital security company Oberthur Technologies.
Turkcell moved to finalise a deal to take full control of Fintur Holdings by buying out majority shareholder TeliaSonera's 58.55 per cent stake.
TeliaSonera said it had no further information to communicate after reports in Spain said it had commissioned Deutsche Bank to launch the process for a potential sale of its Spanish unit Yoigo.
The 5G frenzy is real and it signals the importance that vendors and operators are placing on being considered an early leader and visionary in 5G technology. Although we may still be two to four years (depending on which timeline you believe) from actual commercial service, there's a lot at stake for wireless companies because 5G represents such a dramatic change, not only in technology but also in business models.
TeliaSonera reported results for the fourth quarter of 2015 that analysts described as "very strong indeed", although they said the Sweden-based operator provided somewhat "cautious" guidance on EBITDA for 2016.