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Zegona Communications PLC - London-based investor in European telecommunications and media - Starts €200 million share buyback on Friday, having originally planned to start it in January after the repayment of financing from Vodafone Group PLC. The repayment of the €975 million in Vodafone financing is part of a €1.4 billion special dividend to shareholders to return proceeds from completion of Vodafone Spain’s fibre joint venture with MasOrange, partly owned by France’s Orange SA, and with Singapore state investor GIC. Zegona acquired Vodafone Spain from Vodafone last year. On Friday, Zegona says it now believes an earlier start to the concurrent share buyback is ‘in the best interests of shareholders’. Zegona also plans a 69% share reduction by cancelling the shares held indirectly by Vodafone. Current stock price: 1,405.00 pence, up 1.8% in London on Friday 12-month change: up from 320.00p Copyright 2025 Alliance News Ltd. All Rights Reserved.
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