Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson - Vodafone Spain and Telefonica de Espana, part of Telefonica SA, on Thursday sign a binding contract to create a new fibre network company in Spain. Also Thursday, Vodafone Spain, Telefonica and Bluevia Fibra sign to binding five-year contract for fibre wholesale in Spain, starting January 1 next year. The contracts follow upon Zegona's announcements back in July of non-binding agreements to create FibreCos with both MasOrange SL, a joint venture of France's Orange SA and Spain's MasMovil Ibercom SA, and with Telefonica. The deals will allow Vodafone Spain to offer full 'fibre-to-the-home" services across Spain. Zegona completed its EUR5.0 billion acquisition of Vodafone Spain from Vodafone Group PLC back in May.

Current stock price: 319.60 pence, down 0.1% in London on Friday

12-month change: up from 141.00p

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.