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ZEG Zegona Communications Plc

274.00
20.00 (7.87%)
Last Updated: 08:43:37
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zegona Communications Plc LSE:ZEG London Ordinary Share GB00BVGBY890 ORD �0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  20.00 7.87% 274.00 270.00 274.00 278.00 268.00 268.00 39,435 08:43:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 0 -15.55M -2.5194 -1.09 16.91M

Vodafone to Sell Spanish Unit to Zegona Communications for Up to $5.3 Billion

31/10/2023 7:46am

Dow Jones News


Zegona Communications (LSE:ZEG)
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By Elena Vardon

 

Vodafone Group has agreed to sell its Spanish unit to Zegona Communications for at least 4.1 billion euros ($4.35 billion) in cash and up to EUR900,000 million in redeemable preference shares.

The U.K.-based telecommunications group on Tuesday said that as part of the deal, it also entered an agreement with the European telecommunications investment company for Vodafone to provide certain services to Vodafone Spain for a charge of around EUR110 million a year.

The transaction is set to complete in the first half of 2024, subject to certain approvals from shareholders and regulatory clearances.

 

Write to Elena Vardon at elena.vardon@wsj.com

 

(END) Dow Jones Newswires

October 31, 2023 03:31 ET (07:31 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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