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Sunday, June 26, 2022

Telia-backed Yoga Goes Belly Up

Estonian startup Yoga AS, which was building smarthome solutions for its investor TeliaSonera among others, has been declared bankrupt, official data showed on Wednesday.

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In December 2013 TeliaSonera acquired 25 percent of Yoga AS and ZeroGroup Holding OÜ, respectively, suppliers of TeliaSonera’s home control solution offered in Estonia and Finland. In total, TeliaSonera paid 20 million crowns for the investment.

Telia Estonia told local media Geenius it would continue to support its existing clients.

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Tarmo Virki
Tarmo Virki
Hi its Tarmo here!

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