Vodafone Spain progresses dramatic, private equity-led turnaround
Spain’s number three telco has more than doubled margin in the two years since being sold by Vodafone to investment group Zegona Communications, again raising a question mark over strategy under its previous owner. Having proved its buy-fix-sell transformation model, Zegona is now eyeing other acquisition targets…
This article includes:
- Organisations: Axa; Euskaltel; Expansión; Fidelity Investments; GIC; MásOrange; Telecable; Telefónica; Telefónica España; Tesco UK; Thornburg Investment Management; Vantage Towers; Virgin Media; Vodafone; Vodafone Spain; Zegona Communications.
- Geographies: Europe; Spain; United Kingdom (UK).
- People: Eamonn O’Hare; Robert Samuelson.
- Themes: Broadband; Buy-fix-sell model; Capital expenditure; Cash flow; Cost reduction; Debt reduction; EBITDA; Enterprise value; Fibre joint venture; IT systems consolidation; Mergers and acquisitions; Mobile contracts; Mobile infrastructure; Network assets; Network sharing; Operational optimisation; Pricing pressure; Private equity; RAN sharing; Revenue growth; Shareholder returns; Telecoms; Transformation initiatives; Turnaround strategy.
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