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Zegona Communications ( (GB:ZEG) ) just unveiled an announcement.
Zegona Communications has announced that AXA IM Alts will acquire a 40% stake in FiberPass, a joint venture between Vodafone Spain and Telefónica España, which provides fiber-to-the-home services across Spain. This transaction, along with a recent investment in PremiumFiber, will generate €1.8 billion in upfront proceeds for Vodafone, enhancing Zegona’s financial flexibility and supporting its capital allocation strategy. The deal is expected to close in the first quarter of 2026, pending regulatory approvals.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £1500.00 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 is a publicly listed company on the London Stock Exchange, established in 2015, focusing on investments in the European Telecommunications, Media, and Technology sector. The company aims to enhance the performance of its investments to provide attractive shareholder returns and is led by former Virgin Media executives. In 2024, Zegona acquired Vodafone Spain.
Average Trading Volume: 363,966
Technical Sentiment Signal: Buy
Current Market Cap: £9.72B
See more data about ZEG stock on TipRanks’ Stock Analysis page.