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Travers Smith advises Zegona Communications plc on the €2.1 billion takeover of Euskaltel SA by MasMovil


Travers Smith LLP has advised long-standing client Zegona Communications as lead shareholder in relation to the €2.1 billion takeover of Euskaltel SA by MasMovil.

Euskaltel is Zegona’s Spanish telecoms investment and its main asset. Zegona is the lead shareholder in Euskaltel, owning 21.4% of the company (38.3 million shares).

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. Zegona is led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson.

The Travers Smith team was led by Corporate Partner Aaron Stocks.

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