24th Feb 2025 10:46
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.
Current stock price: 553.60 pence, up 0.7% in London on Monday
12-month change: up from 230.00p
By Tom Waite, Alliance News editor
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