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General

Garcia confirmed as Euskaltel CEO as Zegona increases board presence

Thursday 11 July 2019 | 11:04 CET | News
Spanish regional operator Euskaltel announced that Jose Miguel Garcia has been confirmed as its new chief executive following an extraordinary shareholders meeting in Bilbao that saw UK-based Zegona Communications increase its presence on the company’s board. The meeting also saw the reappointment of Robert Samuelson, Zegona’s COO, as its second proprietary director on Euskaltel’s board, joining Zegona chairman and CEO Eamonn O’Hare.

Zegona recently become Euskaltel’s leading shareholder with a 21.0 percent stake after it secured a EUR 118 million capital hike to fund the acquisition of new shares. The telecom investment vehicle has pledged to return Euskaltel to growth and proposed to expand the operator’s footprint across Spain using the Virgin brand.



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Categories: General
Companies: Euskaltel / Zegona
Countries: Spain
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