0
General

Zegona to pay out EUR 5.5 mln dividend following Euskaltel takeover

Friday 2 August 2019 | 10:47 CET | News
UK-based telecom investment vehicle Zegona Communications announced the payment of an interim dividend of GBP 2.5 pence per share shortly after becoming the leading shareholder of Spanish regional operator Euskaltel. Zegona acquired a 15 percent stake in Euskaltel after selling regional broadband operator Telecable Asturias to the northern Spain-focused company for EUR 686 million in 2017 and earlier this year increased its stake to 21.0 percent after finalising a EUR 118 million capital hike to fund the acquisition of new shares.

Thank you for visiting Telecompaper

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
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 to pay out GBP 5.7 mln dividend in July

Published 10 Jun 2020 09:31 CET | Spain
UK-based telecom investment vehicle Zegona Communications announced that an interim dividend of 2.6 pence per share, equivalent ...

Aberforth acquires 6.5% stake in Euskaltel shareholder Zegona

Published 09 Jan 2020 09:56 CET | Spain
Zegona Communications, the leading shareholder of Spanish operator Euskaltel, announced that investment fund Aberforth Partners ...

Zegona agrees changes to credit facility to allow dividends

Published 02 Jan 2020 11:10 CET | Spain
Zegona announced changes to its GBP 30 million credit facility with Barclays. The credit line was extended to 15 March 2020 and ...

Fidelity takes 8% stake in Euskaltel shareholder Zegona

Published 18 Dec 2019 10:08 CET | Spain
Investment fund Fidelity Management & Research has acquired a shareholding of almost 8 percent in UK-based Zegona Communications, ...

Euskaltel renews Asturias roaming deal with Telefonica

Published 16 Dec 2019 15:10 CET | Spain
Just a few days after announcing an expanded mobile and fibre-optic access agreement with Orange, regional operator Euskaltel has ...

Euskaltel chairman Garcia Erauzkin to step down in 2020

Published 03 Oct 2019 10:47 CET | Spain
Spanish regional operator Euskaltel announced that its chairman Alberto Garcia Erauzkin will be stepping down from his post in ...

Euskaltel launches first convergent plans in Catalonia via RACCtel+ brand

Published 19 Sep 2019 14:30 CET | Spain
Spanish regional operator Euskaltel has announced the launch of its first convergent plans in Catalonia as part of an expansion ...

Euskaltel ups fibre speeds for all customers at no extra charge

Published 06 Sep 2019 15:09 CET | Spain
Spanish regional operator Euskaltel has announced that it's increasing the speed of all its fixed broadband plans at no extra ...

Spain's Telecable slashes convergent prices for first year

Published 30 Aug 2019 10:52 CET | Spain
Spanish cable operator Telecable, operating mainly in Asturias, has followed parent company Euskaltel by cutting the price of its ...

Euskaltel slashes convergent offer with 500Mbps fibre to EUR 19.95 a month for 6 months

Published 23 Aug 2019 09:24 CET | Spain
Spanish regional operator Euskaltel has announced that it's slashing the price of its Osoa convergent tariff with 500Mbps fibre ...

Euskaltel sales dip to EUR 343 mln in H1, adds 43,000 RGUs

Published 26 Jul 2019 15:12 CET | Spain
Spanish regional operator Euskaltel reported revenues of EUR 342.8 million in the first six months of 2019, down 1.6 percent on ...

Zegona says Euskaltel making good progress since new CEO named

Published 16 Jul 2019 09:46 CET | Spain
Euskaltel is making good progress since its new CEO Jose Miguel Garcia took over a month ago, according to a statement from ...

Garcia confirmed as Euskaltel CEO as Zegona increases board presence

Published 11 Jul 2019 11:04 CET | Spain
Spanish regional operator Euskaltel announced that Jose Miguel Garcia has been confirmed as its new chief executive following an ...

Euskaltel to pay out additional EUR 30 mln dividend

Published 08 Jul 2019 14:48 CET | Spain
Spanish regional operator Euskaltel said shareholders will receive an additional EUR 30 million dividend on 09 July, equivalent ...

Enriquez named Euskaltel strategy and investor relations manager

Published 25 Jun 2019 15:40 CET | Spain
Spanish regional operator Euskaltel has announced the appointment of Alfonso Enriquez as manager for its Strategy and Investor ...

Garcia named new Euskaltel CEO as Zegona looks to expand operator under Virgin brand

Published 06 Jun 2019 09:29 CET | Spain
Spanish regional operator Euskaltel has confirmed the appointment of Jose Miguel Garcia as its new chief executive, replacing ...

Ex-Jazztel CEO enters Euskaltel board as Zegona representative

Published 07 May 2019 14:55 CET | Spain
UK-based telecom investment vehicle Zegona Communications has announced that Jose Miguel Garcia, former CEO of Spanish operator ...

Zegona ups Euskaltel stake to become top shareholder

Published 09 Apr 2019 16:29 CET | Spain
UK-based telecom investment vehicle Zegona Communications announced that it has increased its stake in Euskaltel to 21.0 percent ...

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

Published 15 Mar 2019 09:46 CET | Spain
Spanish regional operator Euskaltel announced that its board of directors has decided to merge its Telecable brand in Asturias ...

Zegona to pay dividend of 2.5 pence per share

Published 31 Jan 2019 08:59 CET | United Kingdom
UK-based telecom investment vehicle Zegona Communications' board of directors has declared an interim dividend of 2.5 pence per ...

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 ...