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June 21 (Reuters) - Telia
* Swedish telecom operator Telia says has agreedto sell its 76.6 percent stake in Spain's Yoigo to Masmovil in a 479 million euro ($543 million) deal
* Telia looking to step back from business outside itsNordic and Baltic core markets
* "Divestment of Yoigo is an important milestone in ourambition to increase focus on our operations in the Nordics andBaltics," Telia Chief Executive Johan Dennelind said in astatement.
* Telia says transaction price is based on an enterprisevalue of EUR 625 million for 100 percent of Yoigo
* Telia tried to sell it last year, but efforts falteredwhen France's Orange made a bid for Spanish peerJazztel. Both companies had said they were interestedin Yoigo.
* Says transaction is expected to close during Q3 of 2016
* Says agreed price implies an EV/EBITDA multiple ofapproximately 8.1x based on Yoigo's 2015 results
* Says divestment is estimated to generate a capital gain ofmore than SEK 4 billion.
* Says following debt adjustments, transaction is expectedto reduce net debt for Telia Company by approximately SEK 6billion
* Says Telia and the minority shareholders are entitled to abreak-up fee of 30 million euros if the deal is not completed
* Masmovil becomes Spain's fourth-biggest telecom operator,hopes to compete with Telefonica, Vodafone,Orange
* Masmovil had already bought MVNO Pepephone in April andother smaller telco companies in recent months
* Masmovil also acquired fixed broadband and optic fiberassets from Jazztel and signed agreement with France's Orange toaccess its 4G mobile network
* Further consolidation expected in Spanish telecoms,especially among smaller cable companies
* Zegona, set up by former Virgin Media executives to buyand run businesses in the European technology, media andtelecoms sector, had been in talks with Yoigo owner Telia formore than two months about a deal.Source text for Eikon: Further company coverage: (Stockholm Newsroom)