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The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators. This landmark deal, valued at €5 billion, includes €4.1 billion in cash and €0.9 billion in redeemable preference shares. Initially announced last October, the transaction received regulatory approval earlier this month. Zegona hailed the deal as the “largest ever reverse takeover.”

Digi Spain’s planned IPO could reshape Spain’s telecom and VoIP market, as low-cost challenger Digi Communications seeks fresh capital for expansion. With anchor investor backing, fierce competition from Telefónica, Vodafone Spain and MásOrange, and rising demand for affordable connectivity, the listing tests investor confidence in Europe’s disruptive communications model strategy.

European telecom giants, including Vodafone and Deutsche Telekom, are uniting to create a powerful edge-cloud platform for AI and IoT, targeting low-latency solutions across various sectors. By ensuring data stays within Europe, these operators provide a competitive VoIP advantage, maintaining data sovereignty and enhancing cross-border service efficiency.