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General

Euskaltel net profit up 68% to EUR 281 mln following R buy

Sunday 26 February 2017 | 11:50 CET | News
Spanish regional operator Euskaltel reported revenues of EUR 572.9 million in 2016, compared to EUR 327.8 million the previous year, driven by the acquisition of Galician cable provider R. The group's adjusted EBTIDA also surged, by 68 percent year on year, to EUR 280.6 million, while its revenue margin grew to a record 49 percent thanks in part to a business strategy based on the bundling of services and a wide range of convergent offerings. In fact, Euskaltel said 66 percent of its customers were now on triple or quad-play plans, up from 63 percent last year.

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Categories: General
Companies: Euskaltel / R
Countries: Spain
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