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 […]
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 […]
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 […]