Euskaltel


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 […]

Zegona pulls Euskaltel shares offer

Cable and telecom investor Zegona Communications has informed Spanish regulator the CNMC that it is withdrawing its offer to acquire an additional 14.9% stake in regional cable operator Euskaltel, which, on top of its existing 15% stake, would have see it become the Basque Country-based player’s largest shareholder. Zegona said that deteriorating conditions in the […]

Euskaltel strikes Catalonia deal as plans for national expansion ramp up

Spanish regional cable operator Euskaltel has confirmed that it plans to offer its services nationally and has announced a partnership with automotive club the Reial Automòbil Club de Catalunya (RACC) to market its telecom and TV offerings in Catalonia under a new RACCtel+ brand. Euskaltel and RACC have struck an agreement to market broadband, digital […]

Zegona expects to complete acquisition of Euskaltel shares in February

Cable and telecom investor Zegona Communications has said it expects its acquisition of additional shares in Spanish regional cable operator Euskaltel to be completed by the first week in February. Zegona aims to double its current stake in Euskaltel, acquiring up to 14.9% of the operator after making a £225 million placing that will be […]

Euskaltel puts positive spin on Q3 results

Spanish regional cable operator Euskaltel put a positive spin on year-to-date and Q3 results that saw significant increases in revenue and profit over the year-to-date, with the top and bottom line masking the impact of intense competition in the Spanish service provider market. Euskaltel posted group revenues of €521.1 million for the first nine months, […]

Zegona moves to double stake in Euskaltel

Cable and telecom investment group Zegona Communications has moved to double its stake in Spanish regional cable operator Euskaltel by making a tender offer for up to 14.9% of the company. Zegona is offering €7.75 a share or a premium of 18%, in a move that could see it double its existing 15% stake in […]

Euskaltel posts strong revenue and profit growth

Spanish cable operator Euskaltel has posted strong revenue and profit growth for the first half of the year on the back of increased subscriber numbers and falling churn. Euskaltel posted revenues of €349.3 million for the first six months of the year, up 25%. EBITDA was up 22.4% to €168.8 million, with a revenue margin […]