Added to YB: 2024-12-20
Pitch date: 2024-12-20
ZEG.L [bullish]
Zegona Communications plc
+351.56%
current return
Author Info
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Company Info
Zegona Communications plc provides integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services.
Market Cap
GBP 12.8B
Pitch Price
GBP 3.20
Price Target
16.64 (+15%)
Dividend
N/A
EV/EBITDA
11.38
P/E
-175.12
EV/Sales
5.81
Sector
Diversified Telecommunication Services
Category
special_situation
An Old School Leveraged Buyout - Zegona Communications plc
ZEG.L: Zegona acquiring Vodafone Spain for 3.9-5.3x EBITDAaL. Unique capital structure with €900m redeemable pref shares. Strategy: fiber netco monetization (€2-3.5B potential), cost cuts (€320m target), revenue stabilization. Upside 200-430%+ based on 5-6x exit multiple. Risks: execution, limited visibility, regulatory.
Read full article (19 min)