REG - Zegona Comms. - Vodafone Spain signs new fibre wholesale contract

Zegona CommunicationsAnnouncement

07/11/2024 07:15

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RNS Number : 3365L  Zegona Communications PLC  07 November 2024

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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.

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