Zegona Communications has announced that Vodafone Spain and MasOrange have entered into a binding contract with GIC Private Markets to create FibreCo – a new fibre network company in Spain. This contract with GIC, a global investor, activates the binding agreement Vodafone Spain signed with MasOrange in January 2025. FibreCo will bring together network assets […]
Vodafone Spain, now under the control of UK-based fund Zegona since June 2024, closed its most recent fiscal year (ending March 31st) with losses of €82.12 million. Despite the red figures, the company’s EBITDA rose by 2.8 per cent to €1.24 billion, while operating cash flow jumped 54.7 per cent to €625 million. Total revenues […]
Staff at Vodafone Spain have been called on a general strike on July 9th and 11th, with additional partial stoppages planned on several days next month, in an attempt to stop Zegona’s redundancy plan affecting some 1,200 people. Zegona, which acquired Vodafone Spain in June, is negotiating with trade unions to reach an agreement with […]
Soon after having completed the acquistion of Vodafone Spain for €5 billion, Zegona has launched a redundancy job plan that will affect 1,198 workers – equating to over 36 per cent of Vodafone’s staff. José Miguel García, former CEO of Euskaltel and Jazztel, will pilot the plan that has to be negotiated and agreed with […]
Zegona Communications has announce the completion of the acquisition of 100 per cent of Vodafone Spain for €5 billion. The deal was first announced in October 2023. Vodafone is the #3 telco player in Spain with significant market shares in mobile, broadband and TV. Eamonn O’Hare, Zegona’s Chairman and CEO, commented: “We have now completed […]
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 […]
The Spanish regulatory body CNMC has given its go-ahead to the acquisition of Vodafone Spain by the UK’s Zegona, a deal valued at €5 billion, ruling that the consolidation “does not significantly modify the structure of the affected markets”. With ithe green light, along with the EU’s blessing, Zegona now faces the government’s approval, to […]
UK’s Zegona, owner of Vodafone Spain, has asked Brussels for access to surplus assets from Orange-MásMóvil under the same conditions as the Romanian operator Digi. According to Expansión, Zegona has requested that European authorities grant a similar deal to Digi’s with both merging companies so that Vodafone can gain broadband and mobile customers from Orange […]
Following the UK fund Zegona’s takeover of Vodafone Spain, trade unions fear a massive wave of job cuts affecting up to half of its 4,000 workers. Zegona is looking to mimic MásMóvil which, with just 2,000 workers, is producing firm results – and also the example of Euskaltel. Vodafone’s financial results show that revenues fell […]
New Vodafone owner Zegona has suggested that MásMóvil resume the proposed integration between the pair – they were set to merge in 2021 and 2022 – if the merger with Orange ultimately fails, according to Expansión. Zegona considers that a possible Vodafone-MásMóvil merger would be much easier since it would not need authorisation from the […]