THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION
OR DISTRIBUTION IS UNLAWFUL.
LEI: 213800ASI1VZL2ED4S65
Zegona Communications
plc
Vodafone Spain and Telefonica
sign new fibre wholesale contract
7 November 2024
Zegona Communications plc (LSE: ZEG)
("Zegona") is pleased to
announce Vodafone ONO S.A.U. ("Vodafone Spain"), Telefónica de España
("Telefonica") and Bluevia
Fibra ("Bluevia") have
today signed a binding five year contract for fibre wholesale in
Spain.
Earlier this year, Zegona announced
it had signed non-binding agreements to create FibreCos with both
Telefonica and MasOrange and a non-binding term sheet for a new
fibre wholesale agreement with Telefonica. The combination of
these three transactions was designed to complete the
transformation of Vodafone Spain's fixed line strategy, delivering
full "Fibre-to-the-Home" services nationally across
Spain. Today's announcement delivers a
key component of that strategy.
The new contract will be operational
from 1 January 2025 and replaces the current fibre wholesale
agreement which expires at the end of this year. The new terms
will deliver significant economic benefits to Vodafone Spain
alongside enhancing core operational processes and improving the
customer experience.
Eamonn O'Hare, Chairman and CEO of
Zegona, commented "This new contract complements the Telefonica
FibreCo which was also signed today. Both contracts cement our long
term partnership with Telefonica, deliver significant economic
benefits and represent key milestones in our journey to transform
Vodafone Spain."
Enquiries
Tavistock (Public Relations adviser - UK)
Lulu Bridges / Katie Hopkins /
Ruairi Millar
Tel: +44 (0)20 7920 3150
-
About
Zegona
Zegona was established in 2015 with
the objective of investing in businesses in the European
Telecommunications, Media and Technology sector and improving their
performance to deliver attractive shareholder returns. Zegona is
led by former Virgin Media executives Eamonn O'Hare and Robert
Samuelson.
On 31 May 2024, Zegona completed the
100% acquisition of Vodafone Spain for €5.0
billion.
About Vodafone
Spain
Vodafone Spain is a national
provider of fixed, mobile and TV services in Spain, serving
consumer, business and public administration customers. It was
acquired by Zegona in May 2024.
About
Telefonica
Telefonica is one of the largest
telecommunications service providers globally. It offers fixed and
mobile connectivity, as well as a wide range of digital services
for residential and business customers. With around 388 million
customers and more than 100,000 employees, Telefónica operates
in Europe and Latin America. Telefonica is a listed
company with its shares trading on the Spanish Stock Exchange and
those of New York and Lima.