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General

Euskaltel closes EUR 1.19 bln buy of Galician operator R

Monday 30 November 2015 | 10:46 CET | News
Spanish regional cable operator Euskaltel, operating in the Basque Country, has finalised the acquisition of Galician cable provider R for a total of EUR 1.19 billion after receiving approval by shareholders and the relevant competition authorities. Euskaltel said the combined entity will have over 715,000 residential and business customers and the companies will continue to operate under their original brands in their respective regions in northern Spain. "The merger of the two companies will allow us to grow and compete better in our territories and benefit customers, employees and

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Categories: General
Companies: Euskaltel / R
Countries: Spain
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