(Alliance News) - Zegona Communications PLC on Monday said shareholders have approved a special resolution paving the way for a EUR1.4 billion special dividend and a sharp reduction in its share count. Read More
Zegona Communications PLC - London-based investor in European telecommunications and media - Starts EUR200 million share buyback on Friday, having originally planned to start it in January after the repayment of financing from Vodafone Group PLC. The repayment of the EUR975 million in Vodafone financing is part of a EUR1.4 billion special dividend to shareholders to return proceeds from completion of Vodafone Spain's fibre joint venture with MasOrange, partly owned by France's Orange SA, and with Singapore state investor GIC. Zegona acquired Vodafone Spain from Vodafone last year. On Friday, Zegona says it now believes an earlier start to the concurrent share buyback is "in the best interests of shareholders". Zegona also plans a 69% share reduction by cancelling the shares held indirectly by Vodafone. Read More
Zegona Communications PLC - London-based investor in European telecommunications and media - Provides details of its plan to pay a EUR1.4 billion special dividend to return most of the EUR1.8 billion in proceeds from the completion of Vodafone Spain's fibre joint venture with MasOrange, partly owned by France's Orange SA, and with Singapore state investor GIC. The special dividend equates to EUR1.8632 per share. It will be paid on January 7 with an ex-dividend date of December 18. The dividend payment will settle EUR975 million in Vodafone financing in full, with the remainder going to Zegona shareholders. This will allow Zegona to cancel 523 million Zegona shares, reducing its share total by 69% to 236 million from 759 million. Zegona also plans a EUR200 million share buyback, starting in January. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - Zegona Communications PLC, which owns Vodafone Spain, plans to return EUR1.6 billion to shareholders, and lower debt after sealing deal-making proceeds of EUR1.8 billion. Read More
(Alliance News) - Pennon reports strong half-year results, while Flutter hit out at UK budget measures which offer a "big win" for illegal betting operators. North Sea operator Serica assessed the budget as a "missed opportunity". Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Zegona Communications PLC on Monday said Vodafone Spain has partnered with GIC Private Markets Pte Ltd and MasOrange SA to form a new fibre company. 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
(Alliance News) - Zegona Communications PLC on Wednesday issued its first earnings report since its mammoth acquisition of Vodafone Spain, showing a loss, partly due to takeover costs, though it said it has returned the Spanish telecommunications operator to growth "for the first time in years". Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - London's FTSE 100 is set to open higher on Monday, despite warnings for autumn tax hikes over the weekend, as UK gross domestic product grows as expected during the first quarter of 2025. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - Stocks were called in the red ahead of US data and comments from Bank of England Governor Andrew Bailey, while US President Trump claims that progress is being made to end conflicts in the Middle East. Read More
Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors - Reprices its EUR1.29 billion term loan, reducing its interest rate margin by 125 basis points. Subsidiary Zegona HoldCo Ltd cut the margin on its EUR920 million term loan due 2029 from 4.25% to 3.0% per year. It also increased the facility by EUR370 million to repay its USD400 million term loan, effectively lowering its cost of debt. Read More
(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