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Discussions have been ongoing since September last year
Vodafone Group has completed the sale of its Spanish business Vodafone Spain to Zegona Communications for €5 billion.
As per the agreement, Vodafone will receive €4.1 billion in cash and €0.9 billion in redeemable preference shares.
The newly acquired company will still use the Vodafone branding for up to ten years, according to a statement released by Vodafone in October.
Proceedings began in September last year, and were confirmed by the two companies the following month.
“The sale of Vodafone Spain is a key step in right-sizing our portfolio…
