Private equity giant Carlyle Group has acquired an 80 percent stake in Spanish regional cable operator TeleCable, Cinco Dias reports, citing sources close to the deal. Spanish savings bank Cajastur owns 92 percent of TeleCable, while Prensa Iberica owns the remaining 8 percent. According to the same sources, Carlyle will invest around EUR 300 million in Telecable. Other bidders included CVC Capital Partners, Ono and Euskaltel. 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.
