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Zegona confirms talks with Vodafone to acquire its Spanish unit

U.K.-based investment firm Zegona Communications confirmed it is in discussions with U.K. telecom group Vodafone on a potential acquisition of the carrier’s Spanish business, Zegona Communications said in a statement.

Zegona also revealed it has also been in contact with investment banks for the financing of the potential deal.

“The potential acquisition remains subject to, amongst other things, agreement on final terms with Vodafone, completion of its due diligence exercise and formalization of the funding arrangements. Therefore, there is no certainty that the potential acquisition will proceed,” the investment firm said.

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