Zegona Communications (ZEG) Unveils €1.8bn Capital Return and 69% Share Reduction After Vodafone Spain FibreCo Deals
Published: 27 November 2025 – London/Madrid Zegona Communications plc (LON: ZEG), the London‑listed owner of Vodafone Spain, has announced a landmark €1.8bn capital allocation plan that combines a huge cash return to shareholders with a sharp reduction in leverage and a drastic cut in its share count. Investegate+2Zegona+2 The proposal, unveiled via a Regulatory News Service (RNS) announcement this morning, will see €1.6bn returned to shareholders through a special dividend and share buyback, while €200m is earmarked to pay down debt, funded entirely by proceeds from Zegona’s recently signed fibre joint‑venture (“FibreCo”) transactions in Spain. Economía Digital+3Investegate+3Advanced Television+3 Executive chair