Did Vodacom partner with Elon Musk?
Yes, the UK-based telecommunications investment firm Zegona Communications completed the acquisition of Vodafone Spain in June 2024. The deal was valued at approximately €5 billion and followed an announcement of acquisition intent made in May 2023. As part of the terms, Vodafone continues to provide certain technological and operational support for a period following the sale, while Zegona took over full ownership of the Spanish business. This transaction allowed Vodafone to divest its interest in the highly competitive Spanish market, while Zegona added it to its portfolio, having previously held other assets in the Spanish telecommunications sector.
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