Founded in 2015, Zegona Communication plc is a UK-based company focused on network based communications and entertainment opportunities. It was established with an objective to offer its shareholders with high and attractive returns though acquiring businesses in the European Telecommunications, technology and media sector (TMT Sector) with “Buy-Fix-Sell” strategy in Europe. In 2015, the company successfully completed its first acquisition of Telecable, a Telecommunication operator in the Asturias region of Spain. In 26 July 2017, the company sold Telecable to Euskaltel and acquires 15% stake in Euskaltel with an expectation to improve its financial performance. After some time the company increased its stake to 20% in Euskaltel to become the largest shareholder. Its shares are traded on the Main Market segment of the London Stock Exchange as LON: ZEG.
The company’s Euskaltel business provides its services to more than 5 million people and over 715,000 residential customers and businesses; it is the major convergent telecommunications group in Northern Spain and is strongly committed and deeply rooted in the Basque country and Galicia. It believes to create business value in the range of £1-3 billion through various acquisition opportunities.
The company primarily invests in the European Telecommunications, media and technology industry (TMT) with the set of financial and strategic criteria that includes; businesses that require active change and fundamental improvement to realise their full value, its enterprise value should range between £2-5 billion until the return are believed to be attractive, financially sound business with established market positions and with controlled risk, multiple viable exit options pre-identified and with moderate leverage (usually 3-4x EBITDA). The company closely works with the management of the acquired company to fundamentally improve the business by changing its market positions, improving operational performance, enhancing cost efficiency, investing in products, services and other value-accretive activities to increase the top-line growth, maintaining balanced capital structure and value enhancing bolt-on acquisitions/divestments. The company’s subsidiaries are Parselaya S.L, Zegona Limited, Zegona (Ireland) Limited and Zegona (Lux) S.A.R.L.
8 Sackville St, Mayfair, London, W1S 3DG, United Kingdom