0
General

Zegona approves capital hike to increase Euskaltel stake

Friday 8 February 2019 | 09:53 CET | News
UK-based telecom investment vehicle Zegona Communications announced that its shareholders have approved a proposal to place new ordinary shares in the capital of the company with a view to raising equity proceeds of at least GBP 100 million. The company said it intends to use the new proceeds to increase its stake in Spanish operator Euskaltel by another 12.5 percent through market purchases. It acquired its current 15 percent stake in Euskaltel after selling regional broadband operator Telecable Asturias to the northern Spain-focused company for EUR 686 million in 2017. 

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 / Telecable / Zegona
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

ZTE to help Euskaltel expand to new Spanish regions

Published 26 Feb 2019 09:21 CET | Spain
Spanish regional operator Euskaltel has announced an agreement with China's ZTE to help it meet ambitious network expansion ...

Last week in telecoms: all eyes on Switzerland and Italy

Published 11 Feb 2019 07:00 CET | Europe
Cyfrowy Polsat outperformed the entire European telecoms sector in week 6, with a gain of 7.9 percent. Tele Columbus, down 13 ...

Orange rules out total or partial Euskaltel acquisition

Published 07 Feb 2019 10:25 CET | Spain
Orange has informed Europa Press that it has ruled out any move to take over regional Spanish operator Euskaltel, "be it total or ...

Zegona in new capital hike to increase Euskaltel stake

Published 14 Jan 2019 10:44 CET | Spain
UK-based telecom investment vehicle Zegona Communications announced a new proposed placing of a minimum of 95,238,096 new ...

Orange Spain eyeing Euskaltel acquisition - report

Published 09 Jan 2019 13:55 CET | Spain
Orange Spain is interested in the acquisition of regional operator Euskaltel, present above all in the Basque Country, Galicia ...

Zegona withdraws Euskaltel tender offer

Published 24 Dec 2018 09:02 CET | Spain
UK-based telecom investment vehicle Zegona Communications announced the cancellation of its tender offer to acquire 15 percent of ...

Zegona planning to become leading Euskaltel shareholder by February

Published 03 Dec 2018 09:41 CET | Spain
UK-based telecom investment vehicle Zegona Communications expects to complete its move to become the leading shareholder of ...

Euskaltel 9-mth sales up 17% to EUR 521 mln, profit jumps 41%

Published 05 Nov 2018 09:35 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 521.1 million in the first 9 months of 2018, up 17 percent on the ...

Zegona launches offer to become leading Euskaltel shareholder

Published 19 Oct 2018 10:27 CET | Spain
UK-based telecom investment vehicle Zegona Communications has announced plans to raise its stake in Spain's Euskaltel by offering ...





Calendar   /   Industry Events

26 Apr Eltel Q1 results
26 Apr Tecnotree Q1 2019
26 Apr KPN Q1 2019
26 Apr NEC fiscal Q4
26 Apr NTT Docomo fiscal Q4
26 Apr Sony fiscal Q4
26 Apr RTL AGM
29 Apr Chunghwa Telecom Q1 2019
29 Apr A1 Telekom Austria Group Q1 2019
29 Apr America Movil Q1 2019
29 Apr NXP Semiconductors Q1 2019
29 Apr Spotify Q1 2019
29 Apr SBA Communications Q1 2019
29 Apr ON Semiconductor Q1 2019
29 Apr Idemia Q1 2019
29 Apr Harmonic Q1 2019
29 Apr Alphabet Q1 2019
29 Apr Sohu Q1 2019
29 Apr Televisa Q1 2019
29 Apr China Telecom Q1 2019
29 Apr Orange Poland Q1 2019
29 Apr On Semiconductor Q1 2019
29 Apr Network Transformation Congress
30 Apr Telenor Q1 2019
30 Apr MediaTek Q1 2019
30 Apr Intelsat Q1 2019
30 Apr Megacable Q1 2019
30 Apr Euskaltel Q1 2019
30 Apr NextGenTel Q1 2019
30 Apr Twilio Q1 2019
::: More Calendar Items