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LONDON (Alliance News) - Zegona Communications PLC on Wednesday said trading at the Telecable SA business it acquired last year has remained in line with its expectations.
Zegona acquired Telecable, a Spanish cable operator, for EUR640.0 million in August last year and the group said the acquisition has performed in line with its expectations.
Zegona expects the business to deliver accelerating revenue growth going forward and said it continues to see significant investment opportunities in the European telecommunications, media and technology industry.
Shares in Zegona were untraded on Wednesday, having last traded at 126.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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