Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026
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Zegona's Vodafone Spain partners with MasOrange to form a new fibre network company, seeking an investor for a 40% stake.
(Reuters) - Zegona Communications said on Thursday that its unit Vodafone Spain has agreed to create a new fibre network company in Spain with MasOrange, and the British firm is expected to hold about 10% of the new venture.
The parties are also looking for an investor for the new fibre venture, Zegona said, adding that the investor is expected to hold 40% of the firm, while MasOrange, a joint venture between Orange SA and MasMovil, will hold the remaining 50%.
Financial details of the contract were not disclosed, but the new venture is expected to have a run-rate core profit of about 480 million euros ($492.5 million) after three years, Zegona said.
In November, Vodafone Spain signed another deal with Telefonica SA for a new fibre network company, with Zegona holding 10% of that firm as well.
Zegona acquired Vodafone Spain in a deal worth 5 billion euros last year, as part of Vodafone's exit from its Spanish operations.
($1 = 0.9746 euros)
(Reporting by Unnamalai L in Bengaluru; Editing by Alan Barona)
The article discusses Zegona's Vodafone Spain forming a new fibre venture with MasOrange.
Zegona, MasOrange, and a potential investor are the main stakeholders.
The new venture is expected to have a run-rate core profit of about 480 million euros after three years.
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