03/11/2023
We’re delighted to have helped our wonderful client Zegona Communications with shareholder documentation for its €5bn acquisition of Vodafone’s Spanish business, which controls almost a quarter of the Spanish market. London-listed Zegona Communications, the fund founded by two former Virgin Media executives in 2015 to but telecoms assets, will pay approximately €4.1bn in cash while Vodafone Group will also receive up to €900mn of preference shares in Zegona, helping the TMT giant to streamline its European operations. The deal also includes a brand licence agreement, allowing Zegona to use the Vodafone name for ten years.
If you’d like to find out how we can help ensure the success of your next M&A deal, contact us now: hello@blackandcallow.com.
