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Zegona Communications PLC on Thursday announced a new fibre wholesale agreement with Vodafone Ono Sau, known as Vodafone Spain.
Zegona, a London-based investor in Europe’s telecommunications, media and technology sectors, said the new deal will replace the current wholesale contract which is due to expire at the end of 2024.
Zegona Chair & Chief Executive Officer Eamonn O’Hare said: ‘This new fibre wholesale agreement with Telefonica fully complements our recently announced FibreCo transactions and completes the transformation of Vodafone Spain’s fixed line strategy. The powerful combination of these agreements will deliver national fibre coverage with no incremental network investment. Vodafone Spain will be able to leverage these advanced network assets to offer all its customers leading edge fibre solutions. We expect these agreements to deliver substantial economic benefits to Vodafone Spain and significant incremental value for all Zegona stakeholders.’
Zegona shares rose 1.6% to 335.30 pence each on Thursday afternoon in London, while Vodafone Group PLC shares were up 0.1% at 76.64p each.
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