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General

Zegona pays out GBP 4.4 mln interim dividend

Thursday 6 February 2020 | 09:54 CET | News
UK-based telecom investment vehicle Zegona Communications announced the payment of an interim dividend of 2.0 pence per share after becoming the leading shareholder of Spanish regional operator Euskaltel last year. Zegona acquired a 15 percent stake in Euskaltel after selling regional broadband operator Telecable Asturias to the northern Spain-focused company for EUR 686 million in 2017 and in April increased its stake to 21.0 percent after finalising a EUR 118 million capital hike to fund the acquisition of new shares.

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Categories: General
Countries: Spain
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