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General

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

Friday 15 March 2019 | 09:46 CET | News
Spanish regional operator Euskaltel announced that its board of directors has decided to merge its Telecable brand in Asturias and R brand in Galicia into a single company. The aim is to enhance the group’s future competitiveness and growth potential as well as to improve customer service, said the northern Spain-focused operator. It acquired Telecable Asturias from UK-based telecom investment vehicle Zegona for EUR 686 million in July 2017 after buying Galician cable provider R for a total of EUR 1.19 billion in November 2015. 

In a statement, Euskaltel said the merger will allow the group to unify work processes and maximise synergies in the same company, as well as exploit both brands in their original and expansion markets with increased financial flexibility and clear room for growth. Earlier this year, the group said it would be expanding from its main markets of the Basque Country, Galicia and Asturias to 5 new regions (Navarre, Catalonia, Leon, Cantabria and Rioja) using its Euskaltel, R and new RACCtel+ brands.

Euskaltel also confirmed the merger would involve the unification of its network operation business in the Basque Country, Galicia and Asturias, a task to be undertaken by its long-time partner ZTE. The activity will be optimised by transferring a team of 37 people from the operator’s technology area to ZTE, which will offer the same service to the group from within ZTE’s structure and organization, said Euskaltel.


 



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Categories: General
Companies: Euskaltel / R / Telecable / ZTE
Countries: Spain
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