* Says found no offer matching future value of Yoigo
* Says Yoigo has great potential
STOCKHOLM, April 2 Nordic telecom operator
TeliaSonera said on Tuesday it was abandoning efforts
to sell Yoigo after failing to find an buyer willing to pay an
acceptable price for the Spanish operator.
TeliaSonera began a process to sell its 76.6 percent stake
in Yoigo last year, hoping it could fetch about 1 billion euros
($1.28 billion), sources told Reuters at the time.
"Yoigo has great potential for further development, but as
its market strategy does not quite match our other operations,
we have been prepared to divest it if we were offered a price
which fully reflects its future potential," TeliaSonera Chief
Executive Per-Arne Blomquist said.
"As this requirement has not been met, we have discontinued
the sales process and look forward to continue developing the
TeliaSonera said Yoigo's net sales grew 12.5 percent in
local currency to the equivalent of 8.4 billion Swedish crowns
in 2012 while earnings before interest, tax, amortisation and
depreciation at the unit rose 49.3 percent to 627 million.
($1 = 0.7784 euros)
(Reporting by Niklas Pollard; Editing by Alistair Scrutton)