Barclays takes leap of faith in Zegona's Vodafone Spain takeover

There is a “clear opportunity for value creation” in Zegona Communications (LSE:ZEG)' acquisition of Vodafone Spain, reckon equities analysts at Barclays PLC (LSE:BARC). However, the ambitious, highly leveraged €5 billion deal, which was signed off by the European Commission this week, is not without its challenges. Yes, Vodafone Spain has a 17% grip on service revenues and significant shares in broadband and consumer mobile postpaid sectors, but its market influence has waned over the years. New entrants a ...