Home NewsInternational News UK’s Zegona in talks to buy Vodafone Spain

UK’s Zegona in talks to buy Vodafone Spain

by Nada Ali

British telecom investment company Zegona is in advanced talks with Vodafone about a potential acquisition of the British telecom giant’s Spanish business, the London Stock Exchange disclosed on Friday.

The confirmation follows a report by Spanish business newspaper that Zegona is planning to buy a 50 percent stake in the unit, in a bid that would value the business at more than five billion euros ($5.33 billion).

In July, new Vodafone CEO Margherita Della Valle disclosed that the operator was carrying out a “big review of the business in Spain”, with cost-cutting actions underway.

You may also like

Leave a Comment