Cajastur in talks for TeleCable sale – report

News Broadband Spain 5 SEP 2011
Cajastur in talks for TeleCable sale – report
Spanish savings bank Cajastur is in "advanced" talks to sell its 91.8 percent stake in Spanish regional cable operator TeleCable. Cajastur has received offers from six investment funds for its TeleCable stake. The transaction is estimated to be worth around EUR 400 million, Expansion reports, citing unnamed industry sources. According to these sources, private equity firm CVC Capital would be the favourite candidate. TeleCable saw its revenues increase by 13.8 percent to EUR 121 million in 2010, while net income jumped 49.7 percent to EUR 17.5 million. The operator had 156,000 fixed and mobile voice and internet subscribers across Spain's Asturias region at end-2010. In July, TeleCable won 10 MHz of spectrum in the 2.6 GHz frequency band in the tender held by the Spanish Ministry of Industry.

Categories:

Fixed

Companies:

Telecable

Countries:

Spain

Tags:

Voice services, Internet Access, Wholesale, M&A buyouts & divestments

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