Business
€1.4bn Proceeds From PremiumFiber Completion
Zegona Communications plc has announced the completion of the PremiumFiber joint venture with MasOrange and GIC, which combines Vodafone Spain's fibre assets to create a network covering over 12 million premises. This transaction has generated €1.4 billion in cash proceeds for Vodafone Spain, which will be used to pay Zegona shareholders a special dividend equivalent to £1.62 per ordinary share. These proceeds will also fund the settlement of Vodafone financing, leading to a 69% reduction in Zegona ordinary shares, followed by a €200 million share buyback program, with these events expected in January 2026, subject to shareholder approval. Disclaimer*
About this update from Zegona Communications Plc
[{"type":"text","content":"\n\n \n\n\n\n\n4 December 2025\n\n\nLEI: 213800ASI1VZL2ED4S65\n\n\n\n\nZegona Communications plc[1]\n€1.4bn Proceeds From PremiumFiber Completion\nZegona is pleased to announce the completion of Vodafone Spain's[2] fibre joint venture with MasOrange[3] and GIC[4] (PremiumFiber).\nPremiumFiber brings together the network assets of Vodafone and MasOrange to create a 100% fibre-to-the-home (\"FTTH\") network covering over 12m premises across Spain. It is one of the most advanced fibre infrastructures in Europe. It has virtually all its FTTH network built and provides services to nearly 5m Vodafone and MasOrange customers. PremiumFiber in combination with FiberPass (Telefonica FiberCo) completes the transformation of Vodafone Spain's fixed line strategy, delivering full FTTH services nationally.\nThe completion of the PremiumFiber transaction delivered upfront cash proceeds of €1.4bn for Vodafone Spain. As recently communicated[5] these cash proceeds will be used to pay Zegona shareholders a special dividend equivalent to £1.62 per ordinary share[6]. This special dividend will provide EJLSHM Funding Limited with €975m to settle the Vodafone financing in full[7] and a €440m pro rata payment for the other ordinary shareholders. Settling the Vodafone financing will enable a 69% reduction in Zegona ordinary shares[8] and Zegona will then initiate a €200m share buyback programme[9].\nSubject to shareholder approval later this month[10], the payment of this €1.4bn special dividend, the 69% reduction in Zegona ordinary shares and the initiation of the €200m share buyback programme are expected in January 2026.\n \n\n\n\n\nInvestor enquiries:\n\n\nMedia enquiries:\n\n\n \n\n\n\n\nAlfonso Enríquez\n\n\nJaime De Andres\n\n\nTilly Abraham (Sodali & Co)\n\n\n\n\[email protected]\n\n\[email protected]\n\n\[email protected]\n\n\n\n\n \n \nAbout Zegona \nZegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson. In 2024, Zegona completed the acquisition of Vodafone Spain. \nAbout Vodafon...