Zegona Communications, a publicly owned company headquartered in the UK, founded in 2015 with approximately 10 employees, operates as a telecoms investment company. The company manages entities including Zegona Limited, Zegona Spanish Holdco Limited, Zegona Borrower Limited, and Zegona Holdco Limited.
Zegona Communications plc reported on April 13, 2026, that its full financial year loss decreased to €72 million from €351 million, signaling its approach to breakeven. Previously, on January 29, the Zegona CEO indicated discussions to shift Vodafone Spain’s mobile network to a shared grid with either Telefónica or MásOrange, as part of an aggressive transformation since the 2024 buyout. Earlier, on January 27, Vodafone Spain (under Zegona) launched an offer, halving the price of its Dazn Motor package to EUR 9.99 a month for new subscribers by February 13, for a year, ahead of the Formula 1 and MotoGP seasons. This followed an announcement on January 26 by Zegona CEO Eamonn O'Hare, confirming talks with MasOrange and Telefonica regarding a mobile network-sharing joint venture (RANco) in Spain to reduce rollout costs and address an "inefficient and unprofitable" network, akin to Fibrecos established in 2025. O'Hare also noted on January 25 that discussions about combining mobile networks with Vodafone, MasOrange, and Telefonica had been underway since the previous year, though Zegona's fibre projects had previously diverted full attention.
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