Zegona Communications (GB:ZEG) has released an update.
Zegona Communications PLC has released its interim financial statements for the first half of 2024, revealing a loss of €46.0 million, largely due to one-off transaction expenses from their recent acquisition of Vodafone Spain. This acquisition marks Zegona’s continued investment in the European telecommunications sector, aiming to leverage their expertise to improve Vodafone Spain’s performance. The company has already initiated a series of strategic moves, including refinancing and network sharing agreements, to transform Vodafone Spain and enhance shareholder returns.
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