0
General

Euskaltel completes EUR 686 mln Telecable buy

Thursday 27 July 2017 | 13:45 CET | News
Basque cable operator Euskaltel has announced the completion of its acquisition of regional broadband operator Telecable Asturias for EUR 686 million, including around EUR 245 million of net debt. The transaction means Euskaltel has now integrated the three major regional operators of northern Spain after acquiring Galician cable provider R acquired for a total of EUR 1.19 billion in November 2015. The three brands, which Euskaltel has pledged to maintain, provide 2.4 million daily services to more than 800,000 customers in the Basque Country, Galicia and Asturias.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Euskaltel / R / Telecable / Zegona
Countries: Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Zegona hires two new non-executive directors

Published 17 Jan 2020 15:25 CET | Spain
UK-based Zegona Communications, the leading shareholder of Spanish operator Euskaltel, has announced the appointment of Kjersti ...

Garcia named new Euskaltel CEO as Zegona looks to expand operator under Virgin brand

Published 06 Jun 2019 09:29 CET | Spain
Spanish regional operator Euskaltel has confirmed the appointment of Jose Miguel Garcia as its new chief executive, replacing ...

Ex-Jazztel CEO enters Euskaltel board as Zegona representative

Published 07 May 2019 14:55 CET | Spain
UK-based telecom investment vehicle Zegona Communications has announced that Jose Miguel Garcia, former CEO of Spanish operator ...

Zegona ups Euskaltel stake to become top shareholder

Published 09 Apr 2019 16:29 CET | Spain
UK-based telecom investment vehicle Zegona Communications announced that it has increased its stake in Euskaltel to 21.0 percent ...

Euskaltel to merge Telecable and R units into single company with ZTE's help

Published 15 Mar 2019 09:46 CET | Spain
Spanish regional operator Euskaltel announced that its board of directors has decided to merge its Telecable brand in Asturias ...

Euskaltel FY revenues up 11% to EUR 692 mln, net profit up 27%

Published 28 Feb 2019 10:56 CET | Spain
Spanish regional operator Euskaltel reported full-year revenues of EUR 692 million in 2018, up 11.2 percent year on year, driven ...

Euskaltel sets up new RACCtel+ telecom brand in Catalonia

Published 18 Dec 2018 08:20 CET | Spain
Spanish regional operator Euskaltel, present above all in the Basque Country, has reached an agreement with motoring association ...

Zegona planning to become leading Euskaltel shareholder by February

Published 03 Dec 2018 09:41 CET | Spain
UK-based telecom investment vehicle Zegona Communications expects to complete its move to become the leading shareholder of ...

Zegona launches offer to become leading Euskaltel shareholder

Published 19 Oct 2018 10:27 CET | Spain
UK-based telecom investment vehicle Zegona Communications has announced plans to raise its stake in Spain's Euskaltel by offering ...

Euskaltel sales up 27% to EUR 177 mln in Q1, profit jumps 11%

Published 03 May 2018 14:43 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 176.6 million in the first quarter of 2018, up 26.6 percent on the ...

Zegona says disappointed in fall in Euskaltel value

Published 30 Mar 2018 10:08 CET | Spain
Euskaltel shareholder Zegona said it's disappointed in the Spanish operator's share price development since it took over ...

Spain's R revamps mobile offer, launches 50GB a month plan

Published 28 Nov 2017 10:45 CET | Spain
Spanish regional cable provider R, operating in Galicia, has announced a major revamp of its mobile offer, more than doubling ...

Euskaltel to use Orange FTTH network in northern Spain

Published 16 Nov 2017 15:05 CET | Spain
Euskaltel has announced a deal to use Orange's symmetric FTTH network to reach new territories in northern Spain. The cable ...

Euskaltel refinances EUR 835 mln in 7-year loans

Published 13 Nov 2017 09:49 CET | Spain
Spanish regional operator Euskaltel has announced the successful refinancing of EUR 835 million in loans due in 2024. The company ...

Euskaltel to install Docsis 3.1 in Galicia, Asturias

Published 31 Oct 2017 10:25 CET | Spain
Spanish regional operator Euskaltel is set to upgrade the networks of its Asturian and Galician units to Docsis 3.1 technology ...

Euskaltel sales up 14% to EUR 165 mln in Q3 following Telecable buy

Published 27 Oct 2017 13:57 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 164.7 million in the third quarter of 2017, up 14.0 percent on the ...

Spain's Telecable latest to launch student fibre offers

Published 04 Oct 2017 10:52 CET | Spain
Spanish cable operator Telecable has become the latest company to launch a fibre-optic offer aimed at students and teachers alike ...

Euskaltel unveils exclusive student fibre offers

Published 01 Sep 2017 13:49 CET | Spain
Basque cable operator Euskaltel has followed Vodafone Spain and Lowi by launching two fibre-optic offers aimed at university ...

Zegona launches GBP 140 mln tender offer for own shares

Published 30 Aug 2017 08:39 CET | Spain
UK-based telecommunications investment vehicle Zegona has announced that it will be returning up to GBP 140 million to ...

Spain's R launches 4K decoder with Android TV

Published 28 Jul 2017 15:10 CET | Spain
Spanish regional cable provider R, operating in Galicia, has announced the launch of a new Android-based 4K UHD set-top box for ...

Euskaltel sales down 2% to EUR 279 mln in H1, improves margin

Published 28 Jul 2017 11:42 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 279.3 million in the first six months of 2017, down 2.3 percent year ...

Telecable CEO to leave following Euskaltel acquisition - report

Published 25 Jul 2017 09:42 CET | Spain
The chief executive of Spanish cable operator Telecable is set to leave the company following its acquisition by Basque cable ...

Telecable begins migrating customers to Telefonica network

Published 05 Jul 2017 09:34 CET | Spain
Spanish regional operator Telecable announced that it has started migrating customers from the Vodafone network to that of ...

Spain's CNMC green lights Euskaltel acquisition of Telecable

Published 04 Jul 2017 08:33 CET | Spain
Spain's competition and communications regulator CNMC has approved the acquisition of regional broadband operator Telecable ...

Euskaltel shareholders approve Telecable buy

Published 27 Jun 2017 08:58 CET | Spain
The shareholders of Basque cable operator Euskaltel have approved the acquisition of regional Spanish broadband operator ...

Euskaltel to expand into Leon using R brand

Published 06 Jun 2017 08:56 CET | Spain
Basque cable operator Euskaltel is preparing to expand into its services into the northern Spanish territory of Leon using its R ...

Spain's Euskaltel completes EUR 700 mln Telecable buy

Published 16 May 2017 10:25 CET | Spain
Basque cable operator Euskaltel has announced the acquisition of regional Spanish broadband operator Telecable Asturias for EUR ...

Euskaltel profit down 10% to EUR 13 mln in Q1

Published 28 Apr 2017 14:40 CET | Spain
Spanish regional operator Euskaltel reported first quarter revenues of EUR 139.5 million, down 1.6 percent year on year, due to ...

Zegona seeks telecoms acquisitions across Europe

Published 06 Apr 2017 11:21 CET | Spain
Uk-based telecoms investment vehicle Zegona, owner of regional Spanish broadband operator Telecable Asturias, said it expects to ...

Euskaltel revenues up 79% to EUR 142 mln following R buy

Published 28 Apr 2016 15:05 CET | Spain
Spanish regional operator Euskaltel reported first-quarter revenues of EUR 142.3 million, up 78.7 percent year on year, in its ...

Euskaltel closes EUR 1.19 bln buy of Galician operator R

Published 30 Nov 2015 10:46 CET | Spain
Spanish regional cable operator Euskaltel, operating in the Basque Country, has finalised the acquisition of Galician cable ...