Euskaltel


Euskaltel posts record profits

Spanish regional cable operator Euskaltel has posted record profits for the full-year, up 26.6% to €62.8 million on sales of €291.6 million, up 11.2%. Euskaltel said that it had achieved growth on the back of success in selling high-value bundled products, with the number of products per customer increasing to 3.6, up from 3.5 in […]

Euskaltel to carry Mediapro eSports service

Spanish regional cable operator Euskaltel has struck a deal to carry Mediapro’s eSports offering U-BEAT as part of its content line-up. U-BEAT offers more than 3,000 hours of competitions, news and magazine content about eSports. Euskaltel said that eSports was growing in popularity in Span, with an audience of about 5.5 million spectators and annual […]

Zegona shareholders give green light to Euskaltel plan

UK-based cable and telecom investor Zegona Communications’ shareholders yesterday approved the company’s plans to up its stake in regional Spanish cable operator Euskaltel through open market purchases. Zegona’s acquisition of additional Euskaltel shares could see it supplant regional bank Kutxabank as the Basque Country-based operator’s principal shareholder. The UK based group successfully completed a share […]

Orange rules out any interest in Euskaltel

Orange has ruled out acquiring regional Spanish cable operator Euskaltel in whole or in part, leading to an immediate fall in the share price of the latter. Orange told Bloomberg that it had ruled out any type of transaction with Euskaltel, ending speculation that the company was looking to consolidate the regional player to extend […]

Zegona clarifies on Euskaltel

Cable and telecom investor Zegona Communications has clarified that it has not acquired any additional shares in regional Spanish cable operator Euskaltel above its existing 15% stake and that it would only make market purchases of Euskaltel shares at the right price. The clarification followed mistaken reports by some local  media that interpreted the concluding […]

MásMóvil chief rules out Euskaltel acquisition

Spanish alternative telco MásMóvil’s CEO Meinrad Spenger has definitively ruled out acquiring regional cable operator Euskaltel, following speculation that the pair could combine. During a presentation on the creation of anew startup accelerator by the company, MASventures, Spenger said that he did not believe the acquisition of Euskaltel would create value for shareholders, according to […]

Orange Spain offering free Netflix for six months to push Love de su Vida

Orange España has introduced what it is pitching as a flexible convergent offering that enables consumers to take only the services that they really need, bundled with a free Netflix subscription for six months for customers that use its services more intensively. From January 21, the Love de su Vida offering will enable new and […]

Euskaltel adds Amazon Prime Video, Orange speculation mounts

Spanish regional cable operator Euskaltel has become the first operator in the country to integrate the Amazon Prime Video service into its set-tops. The Amazon service will be available to Euskaltel subscribers equipped with Android TV boxes. The move will make Amazon Prime originals such as Six Dreams, The Grand Tour, The Marvelous Mrs Maisel, […]

Euskaltel outlines ambitious revenue and EBITDA growth plan

Spanish regional cable operator Euskaltel has outlined plans to grow its revenue to €800 million, with EBITDA of €400 million, by 2022, with its expansion into new markets accounting for 8% of revenues by that date. The ambitious turnover target would imply growth of 28.6% on the company’s figure for 2017, with the EBITDA figure […]

Zegona raises capital for Euskaltel share purchases

Cable and telecom investor Zegona Communications has successfully completed its share placing, raising gross proceeds of approximately £100.5 million (€112.6 million). The share placement represents about 75.8% of UK-based Zegona’s issued ordinary share capital prior to the placing. The company plans to use the capital raised to make new purchases of shares in Spanish regional […]