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 […]

Zegona to raise capital for Euskaltel share purchases

Cable and telecom investor Zegona Communications has unveiled plans to raise at least £100 million through a share placement as it moves to realise its aim to purchase shares in regional Spanish cable operator Euskaltel on the open market. Zegona has also entered into agreement with Virgin Group and Barclays Banks to draw up to […]

Euskaltel unveils national expansion plan

Regional Spanish cable operator Euskaltel has unveiled more details of its plan to expand outside its core region and ultimately establish itself as a national player. Euskaltel will use the R brand of its Galician network as well as the Euskaltel brand to expand into new regional markets, with a target of reaching over one […]

Orange Spain reportedly mulling Euskaltel move

Orange España is mulling a possible move to acquire northern Spanish regional cable operator Euskaltel, according to local reports. According to El Economista, citing unnamed sources, Orange – Spain’s number three operator ­after Telefónica and Vodafone – is still at an early stage of a possible acquisition of the Basque Country-based player, but has been […]

MásMóvil and Euskaltel team up for Spanish 5G pilot network

Spain’s fourth and fifth largest telecom operators, mobile player MásMóvil and regional cable operator Euskaltel, have teamed up to build a pilot 5G network that will enable the pair to experiment over a shared network and limit the cost of investing in the technology. Other participants in the experiment include technology giant Ericsson and Promotora […]