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Zegona Communications ( (GB:ZEG) ) has issued an update.
Zegona Communications has announced a partnership between Vodafone Spain and MasOrange to form a new entity, FibreCo, which will become Europe’s largest fibre-to-the-home network covering 12.2 million premises in Spain. This initiative is part of a strategic transformation of Vodafone Spain’s fixed line strategy, offering rapid technological adoption, sustainable development, and significant economic benefits. With strong investor interest, Zegona is expected to hold a 10% stake in FibreCo, enhancing its valuation and enabling shareholder returns.
More about Zegona Communications
Zegona Communications PLC is an investment company established in 2015, focusing on businesses within the European Telecommunications, Media, and Technology sector to enhance performance and deliver shareholder returns. The company is led by former Virgin Media executives and acquired Vodafone Spain in May 2024 for €5 billion.
Average Trading Volume: 320,295
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.17B
See more insights into ZEG stock on TipRanks’ Stock Analysis page.
