0
General

Euskaltel reaches deal to refinance EUR 215 mln of corporate debt

Thursday 9 July 2020 | 13:41 CET | News
Spanish operator Euskaltel, owner of the recently-launched Virgin Telco brand, has reached an agreement with banks to replace its EUR 215 million amortising term loan with a bullet loan due in December 2023. In a statement to market securities market regulator CNMV, the company said the original loan had a calendar of repayments of EUR 45 million in 2020, EUR 50 million in 2021, EUR 55 million in 2022 and EUR 65 million in 2023. With the change in structure, Euskaltel said it has eliminated EUR 150 million of debt repayments in the 2020-2022 period.

Thank you for visiting Telecompaper

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 / Virgin Telco
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

Euskaltel revenues up 2% in Q3 on record customer growth

Published 28 Oct 2020 09:13 CET | Spain
Spanish operator Euskaltel reported revenues of EUR 174.2 million in the third quarter of 2020, up 1.8 percent year on year, its ...

Euskaltel to offer 5G via Orange Spain network from 2022

Published 15 Oct 2020 10:47 CET | Spain
Spanish regional operator Euskaltel has announced an agreement with Orange to offer its customers 5G technology on the latter's ...

Euskaltel renews SEA Empresas Alavesas contract

Published 06 Oct 2020 15:26 CET | Spain
Spanish regional operator Euskaltel has renewed its contract to provide advanced telecommunications services and expert advice to ...

Euskaltel and Virgin Telco to air Roland Garros for free on Eurosport 4K channel

Published 25 Sep 2020 10:05 CET | Spain
Spanish operator Euskaltel has announced an agreement with Discovery to offer the Eurosport 4K channel for free on its Euskaltel ...

Virgin Telco giving away unlimited data to all fibre clients this year

Published 11 Sep 2020 09:42 CET | Spain
Spanish operator Virgin Telco (Euskaltel) has unveiled a promotion to attract new users to its convergent plans and reward ...

Euskaltel discounts quad-play offer to EUR 19 for 3 months, ups data and fibre speed

Published 02 Sep 2020 15:13 CET | Spain
Spanish regional operator Euskaltel has launched a series of new back to school promotions to encourage new users to sign up to ...

Euskaltel instructs bankers to explore sale/leaseback of broadband network - report

Published 14 Aug 2020 11:29 CET | Spain
Spanish operator Euskaltel has reportedly hired investment bank Lazard to explore the possibility of arranging the sale and ...

Euskaltel launches 25th anniversary quad-play offer for EUR 53

Published 29 Jul 2020 14:45 CET | Spain
Spanish regional operator Euskaltel has launched a new quadruple play plan it describes as the best in the market to mark its ...

Euskaltel posts 50% profit rise, record customer adds in Q2

Published 24 Jul 2020 10:26 CET | Spain
Spanish operator Euskaltel reported revenues of EUR 171.6 million in the second quarter of 2020, up 0.3 percent year on year, ...

Euskaltel expands FTTH deal with Orange to 1.8 mln more homes

Published 07 Jul 2020 12:08 CET | Spain
Euskaltel has signed a new agreement with Orange Spain that will allow it to access 1.8 million of the 3 million new fibre homes ...

Euskaltel distributes additional EUR 30 mln dividend

Published 06 Jul 2020 10:23 CET | Spain
Spanish regional operator Euskaltel announced the distribution to shareholders of an additional EUR 30 million dividend on 06 ...

Euskaltel begins Spain expansion under 'Virgin Telco' brand

Published 20 May 2020 14:35 CET | Spain
Spanish regional operator Euskaltel, mainly present in the Basque Country and Galicia, has begun its expansion into the rest of ...

Euskaltel sales and profit up in Q1 ahead of imminent launch of Virgin brand

Published 23 Apr 2020 09:26 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 171.8 million in the first quarter of 2020, up 0.1 percent year on ...

Euskaltel maintains national expansion plan, sees data surge

Published 30 Mar 2020 09:29 CET | Spain
Spanish regional operator Euskaltel said its maintaining its plans to expand throughout the Spanish territory using the Virgin ...

Euskaltel sales down 1% to EUR 686 mln, returns to growth in Q4

Published 26 Feb 2020 09:52 CET | Spain
Spanish regional operator Euskaltel reported full-year revenues of EUR 685.5 million in 2019, down 0.9 percent year on year, but ...

Euskaltel joins Spain's Ibex Medium Cap Index

Published 23 Dec 2019 16:02 CET | Spain
The shares of Spanish operator Euskaltel have been added to the Ibex Medium Cap stock market index of Spain's main companies ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
::: More Calendar Items