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Zegona to cut 1,198 Vodafone Spain jobs

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 […]

June 13, 2024From David Del Valle in Madrid

Zegona completes Vodafone Spain acquisition

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 […]

June 3, 2024

Spain okays Zegona’s Vodafone acquisition

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 […]

May 14, 2024From David Del Valle in Madrid

CNMC OKs Zegona’s Vodafone acquisition

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 […]

February 2, 2024From David Del Valle in Madrid

Zegona wants a piece of Orange-MásMóvil

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 […]

December 22, 2023From David Del Valle in Madrid

Vodafone Spain: Massive job cuts

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 […]

November 14, 2023From David Del Valle in Madrid

Zegona favours Vodafone-MásMóvil merger

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 […]

November 2, 2023From David Del Valle in Madrid

Zegona acquires Vodafone Spain for €5bn

Zegona has entered into binding agreements with Vodafone Europe for the acquisition of 100 per cent of Vodafone Spain for €5 billion. Zegona says it will fund the acquisition through a combination of new debt, Vodafone Financing and a new equity raise: – Zegona has entered into committed debt financing of €4.2 billion and a […]

October 31, 2023

UK’s Zegona eyes Vodafone Spain

British telco investment company Zegona is negotiating with Vodafone of the acquisition of Vodafone Spain in an operation valued at over €5 billion. A possible deal would be subject to agreement on final terms and funding as well as a due diligence. According to Expansion, Zegona was seeking financing for a bid for all or […]

September 22, 2023From David Del Valle in Madrid