Zegona Communications (GB:ZEG) has released an update.
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Zegona Communications has announced a strategic move to create a joint fibre network company, FibreCo, with Vodafone Spain and MasOrange, aiming to serve about 11.5 million premises in Spain. This collaborative venture aims to offer advanced fibre access services, stimulate investment, and set high sustainability standards, while also planning to include a third-party financial investor in the ownership structure. The success of this venture, contingent on final agreements and regulatory approvals, is expected to bring significant value to stakeholders and enhance Vodafone Spain’s infrastructure.
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