Improving business performance to deliver attractive shareholder returns.
Zegona is an investor in businesses in the European Telecommunications, Media and Technology sector, listed on the London Stock Exchange.
Our strategy
Zegona invests in European TMT businesses with the objective of improving their performance to deliver attractive shareholder returns.
We have a track record of value creation within the Spanish TMT sector.
Our team
Zegona is led by a senior executive team focused on corporate and business development with extensive experience in the TMT sector.
Our strategy
Track record of value creation in Spanish TMT
Company development
M&A
2015
Foundation
Established in 2015 to acquire and operate European TMT assets
2015
Telecable
Acquired Spanish Telecommunication service provider, Telecable for €640m
2017
Telecable + Euskaltel
Combined Telecable with Euskaltel. Became a leading shareholder in Euskaltel
2018-2021
Virgin Telco launch
Initiated Euskaltel change program, reducing costs and growing business through launch of national Virgin Telco brand
2019
Largest shareholder
Invested €100m of equity, increasing stake in Euskaltel
2021
Sale of Euskaltel. 87% return
MásMóvil announces offer to acquire Euskatel at an EV of €3,500m. Zegona agrees sale of Euskaltel to MásMóvil generating a return on Zegona’s net invested of 87%.
2024
Vodafone Spain
Acquires Vodafone Spain business in May 2024 for €5bn
Current Investment: Vodafone Spain
- Well-diversified major operator across mobile, high speed fixed broadband and Pay TV segments
- Offerings cover both the B2C and B2B markets with a highly-diversified customer base
- Increasingly converged customer revenues
- Comprehensive low to high-end brand offering in the consumer segment
- #2 player by market share in the business segment across mobile, fixed and Pay TV
- A significant film and series aggregator through Vodafone Pay TV
Improving business performance to deliver attractive shareholder returns.
Experienced senior executives focused on corporate and business development
Eamonn O’Hare
Founder, Chairman and Chief Executive Officer
Eamonn has spent over two decades as a board member and senior executive of some of the world’s fastest growing consumer and technology businesses.
Robert Samuelson
Founder, Chief Operating Officer
Robert was Executive Director Group Strategy of Virgin Media from 2011 to 2014, during which time he was centrally involved in the sale of the…
Menno Kremer
Investment Director
Menno was an executive director in the TMT investment banking group at Goldman Sachs, and has more than 12 years of experience in investment banking.
Mark Millar
Chief of staff and general counsel
Chief of staff and general counsel Mark was most recently General Counsel and Company Secretary at leading global aerospace OEM Ontic. He rejoined Zegona in…
Chris Biggs
Chief Financial Officer
Chris has spent over 30 years in the accounting, consulting and audit profession, advising clients around the world on financial reporting and deal advisory across…