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In recent years the telecommunications market in Spain has undergone changes due to the different acquisitions of some companies by others, such as the purchase of Jazztel by Orange or the purchase of Ono by Vodafone. In this case, Yoigo has not been left behind, since it has been several times that it has been about to be bought by other operators. Well, except for some last minute unforeseen, it seems that Yoigo will be acquired in the coming weeks by Zegona Communications, the same company that bought the Asturian Telecable in July of last year for 650 million euros. If Zegona is done with Yoigoit would achieve at once - adding Telecable clients - 3 and a half million clients, with which it would already have the resources to compete with the main companies operating in our country. Although to be able to make a tougher competition it is likely that they will have to make more acquisitions and rumors appeared today that indicate that the next operator could be MásMóvil.
The Zegona company: buy-fix-sell
This company, made up of e x Virgin executives, aims to considerably increase its presence in the European market. For this, they have an investment forecast of up to 3,800 million euros, counting on what they have already invested in the acquisition of Telecable and what they plan to invest in Yoigo. It seems that the idea of Zegona is not to create a super operator in our country but, as its own motto says that we can on its website, its idea is to buy, fix and sell the companies, that is to say that its purpose will be to "get fat" Yoigo until it gives an optimal yield and then sell it for a profit.