Investment company Zegona Communications confirmed it is in discussions with Vodafone Group on a potential acquisition of the operator’s Spanish business, following media speculation on the issue.
In a statement, Zegona revealed it has also been in contact with investment banks regarding financing for a potential deal.
Any acquisition remains subject to final agreement with Vodafone, due diligence and formalisation of funding arrangements, the company said, cautioning talks may not lead to a transaction.
Zegona did not disclose the potential value of any deal.
The UK-based investment company is run by Virgin Media veteran Eamonn O’Hare and has a history in the Spanish telecoms market, having been a major shareholder of Euskaltel [1] prior to its sale to Masmovil in 2021.
Rumour
Zegona’s confirmation of talks came after newspaper Expansion reported the investor was interested in acquiring Vodafone’s Spanish unit, which has been the subject of a group-level strategic review [2] and much media speculation [3] on its future.
Across a number of years Vodafone executives have cited high levels of competition in the Spanish market, and the company was rumoured to have hired financial bank Morgan Stanley earlier this year to help it explore options for the unit.
Bloomberg reported other investors linked with a potential acquisition include Apollo Global Management, Warburg Pincus and Carlyle Group.
[1] https://www.mobileworldlive.com/featured-content/home-banner/masmovil-bids-e2b-for-regional-rival-euskaltel/
[2] https://www.mobileworldlive.com/featured-content/home-banner/vodafone-mulls-options-to-end-spain-pain/
[3] https://www.mobileworldlive.com/featured-content/home-banner/vodafone-linked-with-4b-spain-sale/
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip