Collectively, the European MNOs are tightening their belts, and looking to consolidate their most disparate operations – which they gained during a period of finance-driven expansions from core markets into new territories. This week, TeliaSonera has agreed to sell the 77% stake it holds in Spanish MNO Yoigo, to Spanish rival Masmovil Ibercom. The move comes after around 10 years of operations in the country, and is part of Swedish Telia’s plans to focus on markets closer to home, and the Baltic. The deal values Yoigo at around $700m, and Masmovil is planning on buying out the smaller Yoigo shareholders in time. Telia has struggled to compete against the bundled offerings that its Spanish rivals can offer, as it only…