Zegona Communications (GB:ZEG) has released an update.
Zegona Communications has announced a significant partnership between Vodafone Spain and Telefonica to establish a new fibre network company in Spain, called FibreCo. This venture will provide high-speed fibre access to 3.6 million premises, enhancing the fixed line strategies of both companies and promising substantial financial returns. The ownership will be split with Telefonica holding 63% and Vodafone Spain 37%, while Zegona plans to integrate a third-party investor by mid-2025.
For further insights into GB:ZEG stock, check out TipRanks’ Stock Analysis page.
