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Spain's Yoigo Signs Up 4 Millionth Customer

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TeliaSonera's subsidiary in Spain, Yoigo says that it has reached 4 million subscribers.

Yoigo was launched in December 2006 and became cash flow positive in 2012. At year end 2013 Yoigo reached 3.89 million subscribers, a 5 percent increase on year end 2012.

In a challenging economic climate Yoigo also surpassed the billion euro sales mark, billing 1.095 million euros, an increase of 12 percent compared to 2012.

"Yoigo has challenged the large players in the Spanish market and has established its brand well. It has great potential for further development," says Johan Dennelind, president and CEO of TeliaSonera.

TeliaSonera had tried selling the company, but a lack of suitable bids meant the company decided to cancel the sale last April. More recently, France's Orange was suggested to be eyeing the company as a possible acquisition target.

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Tags: yoigo  Spain