Zegona Communcations

CNMC greenlights Zegona’s acquisition of Vodafone Spain

Spanish markets regulator, the National Commission for Markets and Competition (CNMC), has approved UK-based investment outfit, Zegona Communications, acquiring regional telco Vodafone Spain. Zegona announced it is to buy Vodafone Spain for €5 billion towards the end of last year. The acquisition will mark the UK investor’s second foray into the Spanish telecoms market. As […]

Zegona raises equity as it moves to take over Vodafone Spain

Zegona Communications, the UK investment outfit that has struck an agreement to acquire Vodafone España, has taken a key step to secure funding for the deal by successfully completing the placement of an offer of shares with institutional investors to raise €300 million. Zegona placed shares with institutional investors at a price of 150p per […]

Zegona to acquire Vodafone Spain for €5bn

Zegona Communications has confirmed its acquisition of Vodafone España for €5 billion, marking the UK ‘buy-fix-sell’ investor’s second foray into the Spanish telecoms market. The announcement follows press reports in recent days that a deal was imminent. Zegona has entered into committed debt financing of €4.2 billion and a committed revolving credit facility of €0.5 […]

Vodafone and Zegona closing in on Spanish deal

Vodafone is close to selling a stake of at least 50% and potentially 100% of its Spanish operation to UK-based ‘buy-fix-sell’ investor Zegona Communications, according to reports by Bloomberg and Spanish press. Bloomberg was first to report an impending deal that would value Vodafone España at €5 billion (US$5.3 billion), citing unnamed sources. Bloomberg said […]

Zegona ‘remains committed’ to Euskaltel as transformation gets underway

UK-based telecom investor Zegona Communications has said it remains committed to its investment in Spanish telecom operator Euskaltel and it retains the support of its shareholders in viewing the stake as strategic and likely to realise value. Reporting its H1 financials, Zegona, which has been trading at a discount to the value of its stake […]

Euskaltel brings Virgin brand to Spain for national quad-play service

Zegona, the largest shareholder in Spanish regional cable operator Euskaltel, has succeeded in its aim of bringing the Virgin brand to Spain to serve as a vehicle for the group’s national expansion. Zegona was established in 2015 by former Virgin Media executives Eamonn O’Hare and Robert Samuelson. Zegona’s long-standing relationship with the Virgin Group facilitated […]

Euskaltel launches new mobile TV app, strikes wholesale deal with Telefónica

Spanish regional cable operator Euskaltel Group has launched a new mobile app that allows customers to view TV content from iOS and Android mobile devices. The new app is the first to allow all customers of the group’s three operating companies, the Basque Country-based Euskaltel, R in Galicia and Telecable in Asturias, to access on-demand […]

Zegona clarifies on Euskaltel

Cable and telecom investor Zegona Communications has clarified that it has not acquired any additional shares in regional Spanish cable operator Euskaltel above its existing 15% stake and that it would only make market purchases of Euskaltel shares at the right price. The clarification followed mistaken reports by some local  media that interpreted the concluding […]

Zegona raises capital for Euskaltel share purchases

Cable and telecom investor Zegona Communications has successfully completed its share placing, raising gross proceeds of approximately £100.5 million (€112.6 million). The share placement represents about 75.8% of UK-based Zegona’s issued ordinary share capital prior to the placing. The company plans to use the capital raised to make new purchases of shares in Spanish regional […]

Zegona to raise capital for Euskaltel share purchases

Cable and telecom investor Zegona Communications has unveiled plans to raise at least £100 million through a share placement as it moves to realise its aim to purchase shares in regional Spanish cable operator Euskaltel on the open market. Zegona has also entered into agreement with Virgin Group and Barclays Banks to draw up to […]

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