Aberforth becomes Zegona’s top shareholder

LONDON: Zegona Communications has announced that Aberforth Partners LLP has joined its other leading global investors with a shareholding of over 6.0%.

Eamonn O’Hare, Chairman and CEO of Zegona, commented: “We are delighted that Aberforth has become one of Zegona’s top 10 shareholders. Since early December, when we highlighted the 46% difference between our share price and the Underlying Asset Value per Share, we have seen strong momentum in our shares, with Aberforth and other high quality investors making large new investments. We look forward to working on behalf of all our investors to increase the value of our core asset through bringing positive change and renewed ambition to the Euskaltel business.”

Zegona was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns.

Euskaltel S.A. is the leading quad-play telecommunications provider in the North of Spain, with a network covering nearly 2.3 million households.

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