Zegona gains on Spanish media talk of Telefonica approach
BUZZ-Zegona gains on Spanish media talk of Telefonica approach ** Zegona Communications ZEG.L gains more than 4% following Spanish media speculation about Telefonica TEF.MC seeking to buy the UK telecom group's Vodafone Spain business
** Vozpopuli, citing unnamed sources, reports that Telefonica has approached Zegona once again in recent weeks regarding a potential acquisition of the unit
** Telefonica declines to comment on the report
** By 0907 GMT, Zegona up 4.5% to its highest in around 3 months. Telefonica up 0.7%
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@tr.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net/))
Recent news on Zegona Communications
See all newsBarclays warns AI and satellites form 'material overhang' for European telcos
Brief: Zegona Communications Says COO Robert Samuelson Passed Away
Berenberg sees European telecoms set for consolidation, calls AI, satellite fears 'overdone'
Top of the Street: Commerzbank, savings platforms, stock exchanges
Brief: Zegona Communications Announces €400M Shareholder Return