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Spain: CNMC authorizes purchase of Yoigo store chain Bymóvil by MásMóvil

By  |  December 17, 2018

The National Commission of Markets and Competition (CNMC) has authorized the purchase of Bymóvil, owner of a network of 800 franchised stores selling the Yoigo mobile brand, by MásMóvil, the current owner of the telecommunications operator.

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    The Competition Council at the CNMC authorized the acquisition with exclusive control that was notified to it last November 30, a necessary step for MásMóvil to make good on its purchase of the company.

    Yoigo began to market its services through the web and a call center at the end of 2006 and it was in mid-2008 when Bymovil opened its first physical store in Madrid. Presently Bymóvil generates a hundred jobs directly and more than 1,000 indirect ones.

    Full Content: Europa Press

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