FiberPass Transaction Completes

Summary by AI BETAClose X

Zegona Communications plc announced the completion of AXA's acquisition of a 40% stake in FiberPass on March 5, 2026, generating €0.4bn in upfront proceeds for Vodafone Spain. FiberPass is now owned 55% by Telefónica, 40% by AXA, and 5% by Vodafone Spain. Of the proceeds, €0.2bn will fund a share buyback programme, while the remaining €0.2bn will be used for debt reduction, positioning the business to achieve a net debt of €3.2bn by the financial year-end and reinforcing Zegona's leverage target of 1.5X-2X, while accelerating the reduction of total annual interest costs.

Disclaimer*

UK 100

Latest directors dealings