Half Year Results 

Zegona Communications sells Telecable

Zegona Communications sells Telecable

When its full-year results were released in April, the focus of Zegona Communications (ZEG) was on cable telecommunications operator Telecable. This is once again the case in these half-year results, but for a very different reason. Zegona has now sold the company to fellow Spanish telecommunications business Euskaltel for €177m (£157m) in cash, with further deferred payments of up to €15m. The company has also received 26.8m shares in Euskaltel, representing 15 per cent ownership of the combined group.

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