Vodafone nominates José Luis Prieto to direct Finetwork | Companies | EUROtoday

Vodafone Spain has introduced the signing of José Luis Prieto, former director of Avatel, to imagine enterprise duty for Finetwork, a model lately integrated into the operator’s perimeter after being acquired by the Zegona group. Prieto will probably be in control of main the expansion of the challenge on this new strategic stage, an incorporation that can change into efficient on January 7.

With greater than 25 years of expertise within the telecommunications sector, Prieto has a consolidated observe file in each B2C and B2B environments. Senior telecommunications engineer and Executive MBA, he has held positions of excessive duty in enterprise, advertising and gross sales areas. Prior to this appointment, he held the place of General Business Director at Avatel Telecom, the place he promoted bold enlargement and model consolidation plans.

In his new function, Prieto will work intently with Luis Jiménez, Director of Wholesale (wholesale enterprise) at Vodafone Spain, who will proceed to be accountable for the Finetwork Integration Project. With this transfer, the corporate reaffirms its dedication to expertise to show Finetwork right into a strategic lever for development, as acknowledged in a press release.

The closing takeover of Finetwork occurred in November, after Vodafone Spain accomplished the acquisition of 99.4% of the share capital. The operation was structured by a debt alternate for shares, including a capital improve of 10 million euros to ensure the liquidity and monetary stability of the Alicante operator.

The sale settlement went forward after receiving approval from the National Markets and Competition Commission and CNMC and the Government (Jinvex). The majority of the previous shareholders, together with the founder Pascual Pérez (who owned about 50%) and the Kai Capital fund (10%), accepted the transaction. This decision comes after an Alicante courtroom allowed Vodafone to hold out the takeover in compensation for the money owed gathered by Finetwork within the rental of fiber and cellular networks.

Under the course of José Miguel García, CEO of Vodafone Spain and now sole administrator of Finetwork, the operator will keep a multi-brand technique during which Vodafone is positioned as the principle and premium model, Lowi continues with its method low price consolidated and Finetwork is built-in to strengthen scale in key segments.

Currently, Finetwork gives a base of 1 million fiber and cellular prospects, that are added to the 26.3 million accesses that Vodafone already manages in Spain. Vodafone Spain, acquired and restructured by the British fund Zegona in 2024, seeks with this operation to take a decisive step in its operational transformation plan. As the third operator within the nation behind MasOrange and Telefónica, the corporate is assured that the progressive integration of Finetwork – which already used the Vodafone community – will enhance operational effectivity and long-term worth seize with out altering the normality of service for present prospects.