0
General

Euskaltel shareholders approve Telecable buy

Tuesday 27 June 2017 | 08:58 CET | News
The shareholders of Basque cable operator Euskaltel have approved the acquisition of regional Spanish broadband operator Telecable Asturias for EUR 686 million at their annual general meeting. The deal announced in May would result in Telecable's current owner, UK-based telecom investment vehicle Zegona, becoming the combined entity's second largest shareholder via a 15 percent stake. Euskaltel already owns Galician cable provider R, which it acquired for a total of EUR 1.19 billion in November 2015, and the acquisition of Telecable means it now provides 2.4 million daily services to more

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 / R / Telecable
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 inks deal to offer Netflix content, 1-click access

Published 13 Nov 2017 14:50 CET | Spain
Spanish regional operator Euskaltel has announced an agreement with Netflix to offer its pay-TV customers direct access to video ...

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 ...

Euskaltel completes EUR 686 mln Telecable buy

Published 27 Jul 2017 13:45 CET | Spain
Basque cable operator Euskaltel has announced the completion of its acquisition of regional broadband operator Telecable Asturias ...

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 offers two free 5GB bundles to convergent clients

Published 27 Jun 2017 11:06 CET | Spain
Spanish regional operator Euskaltel, active in the Basque Country, has announced that all new and existing subscribers to its ...

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 ...

Spain's Telecable and Euskaltel close to merger - report

Published 07 Feb 2017 08:38 CET | Spain
UK-based investment vehicle Zegona, owner of regional Spanish broadband operator Telecable Asturias, and Basque cable operator ...

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 ...