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's CEO indicated on January 29, 2026, that the company is discussing shifting Vodafone Spain’s mobile network to a shared grid with either Telefónica or MásOrange, marking a step in the aggressive transformation of the mobile network operator following its 2024 buyout. This followed an announcement by Zegona’s chief executive on January 26, that Vodafone Spain was in talks with MasOrange and Telefónica to establish a mobile network-sharing joint venture (RANco) to reduce rollout costs and address its current "inefficient and unprofitable" network. The CEO noted on January 25, that these discussions about bringing together their mobile networks had been underway since the previous year, with Zegona's full attention previously diverted by fibre projects. Separately, on January 27, Vodafone Spain introduced a promotional offer, halving the price of its Dazn Motor package to EUR 9.99 a month for a year for subscribers signing up by February 13, ahead of the Formula 1 and MotoGP seasons. Earlier, on January 23, Zegona Communications purchased its ordinary shares as part of a share buyback programme initiated on November 27, 2025.
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