STOCKHOLM, Feb 5 (Reuters) - Nordic telecom operator TeliaSonera TLSN.ST might consider leaving the Spanish mobile services market it entered with the acquisition of a majority stake in Xfera Moviles in 2006, a newspaper reported on Tuesday.
The Sweden-based operator is expected to unveil news about the future of its Spanish business in connection with the release of its fourth-quarter earnings report on Friday, Feb. 8, business daily Dagens Industri reported, citing several sources with good knowledge of TeliaSonera.
TeliaSonera Chief Executive Lars Nyberg, who replaced Anders Igel after he was ousted last year, is not convinced by his predecessor’s venture into the Spanish market, the Swedish newspaper reported without disclosing its sources.
“He inherited the project and does not see the logic of it,” the newspaper cited a source as saying.
TeliaSonera's Spanish operator, called Yoigo, is the country's fourth-biggest operator. It is well behind Telefonica TEF.MC, Orange FTE.PA and Vodafone VOD.L, and industry experts have called into question whether Yoigo will be able to make serious inroads in the fiercely competitive market.
TeliaSonera was not immediately available for comment. (Reporting by Niklas Pollard; editing by Sue Thomas)
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