IN BRIEF: Telefonica and Zegona’s Vodafone Spain sign binding contacts

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Zegona Communications PLC - London-based investor in Europe’s telecommunications, media and technology sectors led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson - Vodafone Spain and Telefonica de Espana, part of Telefonica SA, on Thursday sign a binding contract to create a new fibre network company in Spain. Also Thursday, Vodafone Spain, Telefonica and Bluevia Fibra sign to binding five-year contract for fibre wholesale in Spain, starting January 1 next year. The contracts follow upon Zegona’s announcements back in July of non-binding agreements to create FibreCos with both MasOrange SL, a joint venture of France’s Orange SA and Spain’s MasMovil Ibercom SA, and with Telefonica. The deals will allow Vodafone Spain to offer full ’fibre-to-the-home‘ services across Spain. Zegona completed its €5.0 billion acquisition of Vodafone Spain from Vodafone Group PLC back in May.

Current stock price: 319.60 pence, down 0.1% in London on Friday

12-month change: up from 141.00p

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