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Broadband

Spain's Telecable and Euskaltel close to merger - report

Tuesday 7 February 2017 | 08:38 CET | News
UK-based investment vehicle Zegona, owner of regional Spanish broadband operator Telecable Asturias, and Basque cable operator Euskaltel, owner of Galician cable provider R, are close to reaching a merger deal that would create a powerful regional operator in the north of Spain, according to unnamed sources cited by business daily Expansion. The resulting entity would have potential annual revenues of around EUR 750 million and an EBITDA of EUR 360 million, although the valuation of Telecable has been the main stumbling block in the talks held in recent weeks, said the sources.

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Categories: Fixed
Companies: Euskaltel / R / Telecable / Yoigo
Countries: Spain
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