(Alliance News) - Telefonica SA on Friday said it has started a new joint company to commercialise the fibre to the home network with Vodafone ONO SAU, known as Vodafone Spain. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors - Reports fourth-quarter financial results for Vodafone Spain, which Zegona bought from Vodafone Group PLC in May 2024. Revenue in the three months that ended December 31 is up 1.1% to EUR913 million from EUR903 million in the third quarter. This boosts earnings before interest, tax, depreciation and amortisation, after lease expenses and less capital expenditure, to EUR175 million from EUR174 million. Fixed broadband lines increase to 2.77 million in the fourth quarter from 2.76 million in the third, while mobile lines decrease slightly to 13.51 million from 13.53 million. Zegona says cost control and customer reinvestment are key focus areas, and cash flow is management's "top priority". The long-term debt of Zegona Holdco Group is EUR3.8 billion on December 31, unchanged from September 30. Cash held is EUR260 million. Read More
Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors - Vodafone Spain, bought by Zegona in May 2024, and MasOrange SL enter into a binding contract to create a new fibre network company in Spain. FibreCo will bring together network assets of Vodafone Spain and MasOrange to create a 100% fibre-to-the-home network covering 12.2 million premises across Spain. Read More
Vodafone Group PLC - Newbury, England-based telecommunications provider - Starts new share buyback worth up to EUR500 million. It is part of an overall EUR2 billion share buyback programme to return some of the proceeds from Vodafone's sale of its business in Spain to Zegona Communications PLC for EUR5 billion back in May. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and Tuesday and not separately reported by Alliance News: Read More
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. Read More
(Alliance News) - Zegona Communications PLC on Friday said its interim loss widened, following increased expenses from the company's acquisition of Vodafone Spain during the six-month period. Read More
(Alliance News) - Zegona Communications PLC on Thursday announced a new fibre wholesale agreement with Vodafone Ono Sau, known as Vodafone Spain. Read More
Vodafone Group PLC - Newbury, England-based telecommunications provider - Starts EUR500 million share buyback on Wednesday. The buyback will be run by Goldman Sachs International and be completed by November 29. It is part of an overall EUR2 billion share buyback programme to return some proceeds from the company's sale of its business in Spain to Zegona Communications PLC for EUR5 billion back in May. The EUR500 million first tranche of the 12-month programme, had been started on May 15. Vodafone has a market capitalisation of GBP19.22 billion. Read More
(Alliance News) - Zegona Communications PLC on Wednesday said Vodafone Spain and Telefonica SA have signed an agreement to create a new fibre network company. Read More
(Alliance News) - Zegona Communications PLC shares rose on Wednesday after it announced a network sharing agreement for its recently acquired business in Spain with Orange SA and a local partner. Read More
Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors - Announces refinancing for its EUR5 billion acquisition of Vodafone Spain, completed back at the end of May. The refinancing will include EUR1.30 billion in 6.75% senior secured notes due 2029, USD900 million in 8.625% senior secured notes due 2029, a EUR920 million 5-year term loan facility B, and a USD400 million 5-year term loan facility B. The proceeds will be used to repay the outstanding amount under the financing drawn in connection with the acquisition of Vodafone Spain from Vodafone Group PLC. Read More
(Alliance News) - Vodafone Group PLC and Zegona Communications PLC on Friday said Zegona has completed the acquisition of Vodafone Spain, with telecommunications veteran Jose Garcia named as chief executive officer. Read More
(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business. Read More
(Alliance News) - Vodafone Group PLC on Tuesday said it plans to kick off its EUR2.0 billion share buyback programme after Spanish authorities gave the green light to the planned sale of its Spanish business. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Zegona Communications PLC - London-based investor in European telecommunications, media and technology sector - Raises EUR300 million from share placing, with the funds to go towards Zegona's acquisition of the Spanish arm of Vodafone Group PLC at an enterprise value of EUR5 billion, including debt. Zegona places 174.4 million new shares at 150 pence each. It intends to raise EUR8 million more via a retail offer at the same price via the PrimaryBid platform. The placing shares will represent 99% of Zegona's share capital upon admission to trading. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More