0
General

Zegona acquires Spain's Telecable for EUR 640 mln

Monday 27 July 2015 | 10:23 CET | News
Zegona, an investment vehicle set up by former Virgin Media finance director Eamonn O'Hare, has reached an agreement to acquire Spanish regional broadband operator Telecable from Carlyle Group and Liberbank for an enterprise value of EUR 640 million. In a statement Zegona said it expected to close the deal by mid-August and that it would fund the acquisition with a combination of GBP 251 million of new equity, backed by institutional investors, funds from its recent float and a new debt facility arranged by Goldman Sachs. The deal for Telecable, present in the northern Spanish region of

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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

Zegona launches GBP 140 mln tender offer for own shares

Published 30 Aug 2017 08:39 CET | Spain
UK-based telecommunications investment vehicle Zegona has announced that it will be returning up to GBP 140 million to ...

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 ...

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 ...

Euskaltel net profit up 68% to EUR 281 mln following R buy

Published 26 Feb 2017 11:50 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 572.9 million in 2016, compared to EUR 327.8 million the previous ...

Telecable revenues up 5.7% to EUR 35 mln in Q1

Published 22 Jun 2016 09:32 CET | Spain
Spanish regional broadband operator Telecable reported revenues up 5.7 percent year-on-year to EUR 34.9 million in the first ...

Zegona revenues up 2.7% in 2015 as Telecable grows in Q4

Published 08 Mar 2016 10:35 CET | Spain
Zegona, an investment vehicle set up by former Virgin Media finance director Eamonn O'Hare, which last year acquired Spanish ...

Spain's Telecable unveils new range of mobile tariffs

Published 29 Jan 2016 15:17 CET | Spain
Spanish regional broadband provider Telecable, present in Asturias, has launched a new range of mobile plans just a month after ...

Spain's Telecable to raise price of convergent plans

Published 21 Dec 2015 10:40 CET | Spain
Spanish regional broadband provider Telecable, present in Asturias, is the latest operator to announce a price hike, reports ...

Telecable unveils 500 Mbps fibre service for extra EUR 10

Published 20 Nov 2015 15:31 CET | Spain
Spanish regional broadband operator Telecable, present in Asturias, has launched a new 500 Mbps download and 30 Mbps upload ...

Telecable owners interested in acquiring Yoigo - report

Published 13 Nov 2015 09:36 CET | Spain
Zegona, an investment vehicle set up by former Virgin Media finance director Eamonn O'Hare, is planning to further expand its ...

Euskaltel's takeover of R rises to EUR 1.19 bln

Published 06 Oct 2015 10:11 CET | Spain
Spanish regional cable operator Euskaltel, operating in the Basque Country, has announced that it has reached an agreement with ...

Euskaltel targeting Telecable following R buy - report

Published 01 Oct 2015 09:20 CET | Spain
Spanish regional cable operator Euskaltel, operating in the Basque Country, is considering the possibility of acquiring rival ...

Telecable launches OTT football channel for EUR 20/mth

Published 10 Sep 2015 11:34 CET | Spain
Spanish broadband operator Telecable has announced that its recently launched online football platform, VeoFutbol, is now ...

Telecable to launch 500 Mbps fibre service in autumn

Published 03 Aug 2015 10:40 CET | Spain
Spanish regional broadband operator Telecable, present in Asturias, has announced plans to increase the maximum speed of its ...

Euskaltel to buy regional operator R for EUR 1.16 bln

Published 24 Jul 2015 09:48 CET | Spain
The consolidation of the Spanish telecommunications market shows no sign of abating with regional cable operator Euskaltel, ...

Yoigo to appeal CNMC fine, ready to offer 4G access to MVNOs

Published 23 Jul 2015 10:06 CET | Spain
Spanish mobile operator Yoigo is set to appeal a EUR 300,000 fine imposed by communications regulator CNMC for the ...

Spain's second-tier mobile providers find growth in shrinking market

Published 22 Jul 2015 10:28 CET | Spain
While service revenues continue to contract in Spain's mobile market, its smaller players are taking advantage of the consumer ...

Euskaltel IPO four times oversubscribed

Published 30 Jun 2015 11:09 CET | Spain
Spanish regional cable operator Euskaltel, operating in the Basque Country, has announced that its IPO attracted strong market ...

Telecable increases top FTTH speed to 300 Mbps

Published 02 Jun 2015 09:06 CET | Spain
Spanish broadband operator Telecable, present in the Asturias region, has followed rival operators Euskaltel, Movistar and ...

Carlyle considering Telecable stake sale - report

Published 27 May 2015 11:53 CET | Spain
US-based investment company Carlyle has hired Goldman Sachs to advise it on the possible sale of its controlling stake in Spanish ...

Former Virgin execs set up telecom, media investment company

Published 05 Mar 2015 09:37 CET | Europe
Eamonn O'Hare, Virgin Media's finance director before it was acquired by Liberty Global, has set up Zegona, an investment vehicle ...

Euskaltel hints at future merger with R and Telecable

Published 02 Jun 2014 10:39 CET | Spain
Spanish regional cable operator Euskaltel, operating in the Basque Country, has said that it would "actively" consider entering ...

"R, Telecable, Euskaltel need volume" to survive - Ono CEO

Published 25 Mar 2014 15:43 CET | Spain
One of the inevitable consequences of Vodafone's recently-announced EUR 7.2 billion deal to acquire cable provider Ono is the ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov Wi-Fi NOW International
13 Nov Sunrise Q3 2019
13 Nov Japan Display fiscal Q2
13 Nov Altice Europe Q3 2019
13 Nov TIP Summit
13 Nov Cable Congress
13 Nov 5G Expo North America
14 Nov Westell fiscal Q2
14 Nov Ice Group Q3 2019
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov Vodafone Idea fiscal Q2
14 Nov Telechoice Q3 2019
14 Nov TDC Q3 2019
18 Nov Bezeq Q3 2019
18 Nov Fortinet investors day
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov Gilat Satellite Networks Q3 2019
19 Nov MTS Q3 2019
19 Nov Qualcomm analyst day
19 Nov Connected Germany
19 Nov Connections Europe
20 Nov Inmarsat Q3 2019
20 Nov Avaya fiscal Q4
20 Nov Poly investors day
20 Nov Netgear analysts meeting
::: More Calendar Items