Zegona Communications, an investor, agreed to acquire Vodafone Spain, a mobile telecommunications operator in Spain headquartered in Madrid, from Vodafone Group, a technology communications company, for €5bn. "The sale of Vodafone Spain is a key step in right-sizing our portfolio for growth and will enable us to focus our resources in markets with sustainable structures and sufficient local scale. I would like to thank our entire team in Spain for their dedication to our customers and relentless determination to improve our organic performance. However, the market has been challenging with structurally low returns," Margherita Della Valle, Vodafone CEO.