british past Zegona acquired 100 percent shares of the company vodafone in spain For 5,000 million euros, as confirmed in a statement by the organization.
“We are very excited about the opportunity to return to the Spanish telecommunications market. This attractive acquisition is our Third operation in Spain after the success of Telecable and Euskaltel. With our clearly defined strategy and proven track record, we are confident we will create significant value for shareholders,” said Eamonn O’Hare, President and CEO of Zegona.
As reported by the British fund, the terms of the operation include Vodafone offering Zegona a licensing agreement that will allow it to use the Vodafone brand in Spain. “For a period of up to 10 years.”
“Vodafone and Zegona will enter into further interim and long-term agreements for services including access to contract, IoT (internet of things), mobile roaming and operator services,” the firm added.