Spain okays Zegona’s Vodafone acquisition
May 14, 2024
From David Del Valle in Madrid
The Spanish cabinet has approved the acquisition of Vodafone España by UK investor Zegona in a €5 billion deal.
The greenlight comes soon after the go ahead to the Orange-MásMóvil merger to create MásOrange – which has become the leading national operator in broadband and mobile customers – and as the State has taken a 10 per cent stake in Telefónica. With the authorisation, Zegona-Vodafone becomes the third largest operator with a 16 per cent market share in broadband.
The minister of Digital Transformation, José Luis Escrivá, points out that the approval is conditional on Zegona investing in networks and 5G infrastructure and maintain its technological assets.
“The telecommunications sector is facing a deep reorganisation and it is a public obligation guaranteeing this strategic service,” he said.
Other posts by :
- SpaceX launches 600th rocket
- Starlink: 10m customers and counting
- SES predicts end of ‘big’ Geo satellites
- Amazon Leo gets approval for 4,504 extra satellites
- SpaceX gets a portion of India
- TerreStar wants to build LEO network
- Musk: “No Starlink phone”
- Russia accused of eavesdropping on satellites
- FCC welcomes Musk’s 1m satellite plan