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Zegona Communications ( (GB:ZEG) ) just unveiled an announcement.
Zegona Communications announced a significant development with Vodafone Spain and MasOrange entering a contract with GIC to form FibreCo, a new fibre network company in Spain. This venture will integrate Vodafone and MasOrange’s network assets to create an advanced fibre-to-the-home network covering 12 million premises. GIC will acquire a 25% stake in FibreCo, with the remaining ownership split between MasOrange and Vodafone Spain. The initiative aims to enhance Vodafone Spain’s fixed line strategy, offering full FTTH services nationwide, and is expected to provide substantial cost savings and financial flexibility for Zegona.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £10.30 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
More about Zegona Communications
Zegona Communications, established in 2015, focuses on investing in the European Telecommunications, Media, and Technology sector to enhance business performance and deliver shareholder returns. Led by former Virgin Media executives, Zegona acquired Vodafone Spain in May 2024.
Average Trading Volume: 374,913
Technical Sentiment Signal: Buy
Current Market Cap: £6.61B
For a thorough assessment of ZEG stock, go to TipRanks’ Stock Analysis page.