Euskaltel shareholders approve Telecable acquisition

Spanish regional cable operator Euskaltel’s annual shareholders meeting has approved the company’s acquisition of Asturias operator Telecable, owned by the UK’s Zegona Communications. The acquisition means that Euskaltel, which operates in the Basque Country and, through its subsidiary R, Galicia, will now have an addressable market of six million people, and will provide 2.4 million […]

Euskaltel names new board as shareholders meet to OK Telecable acquisition

Spanish regional cable operator Euskaltel’s shareholders are expected to give a green light to the company’s acquisition of Zegona Communications-owned Telecable today, along with a capital increase and the expansion of the company’s board from 10 to 12 members. The new board will include Robert Samuelson as representative of Zegona, which will hold a 15% […]

MásMóvil reportedly teaming up with Huawei to launch TV service

Spanish mobile operator MásMóvil, the country’s fourth-largest telco, is planning to launch a TV service in partnership with Huawei, according to Spanish press. According to financial daily El Español, citing two unnamed sources, the operator plans to launch an ‘open’ TV platform that will make third-party services such as Netflix, HBO and Amazon available via […]

Euskaltel and Zegona agree deal for single northern Spanish cable operator

Spanish regional operator Euskaltel has struck a deal with UK-based Zegona Communications to acquire Telecable in a deal that values the Asturias operator at €686 million. The move paves the way to create a single operator across the Basque Country, Asturias and Galicia, where Basque Country-based Euskaltel already owns regional player R. Euskaltel will take […]

Netflix ISP Index: Telefonica-Movistar slips in Spain

Telefonica-Movistar’s average internet speed dropped from 2.60 Mbps in March to 2.25 Mbps in April, according to Netflix’s latest ISP Speed Index. According to the report, Telefonica-Movistar was the lowest-ranked internet service provider in Spain by speed, while Telecable retained its place at the top of the rankings with speeds of 3.76Mbps. Vodafone was the […]

Euskaltel confirms 4K Android box plan, updates on Telecable

Spanish cable operator Euskaltel’s CEO Francisco Arteche used the company’s presentation of its first quarter to confirm that the operator would launch a new 4K-enabled Android box this month along with a new set of services. In a conference call following the company’s quarterly results, Arteche said the services would be available to new and existing […]

Euskaltel sees revenues fall but reports record penetration

Spanish regional cable operator Euskaltel saw its first quarter revenues and EBITDA fall year-on-year, but reported strong free cash-flow and solid operational progress. Euskaltel posted sales of €139.5 million for the quarter, down 1.6%, and EBITDA of €68 million, down 1.5%. The decline was attributed by the company to the loss of a contract to […]

Zegona looks to new acquisition opportunities as Telecable posts solid results

UK-based cable and telecom investor Zegona Communications’ chairman and CEO Eamonn O’Hare has said the market environment for the company’s core ‘buy-fix-sell’ strategy has “never been better” and that he was confident additional acquisition opportunities would emerge. O’Hare’s comments accompanied solid full-year results for Zegona, whose chief asset is Spanish regional cable operator Telecable, which […]

Euskaltel and Zegona confirm talks over sale of Telecable

Spanish regional cable operator Euskaltel and Zegona Communications, the UK-based owner of neighbouring cable operator Telecable, have confirmed that they are in talks that could see the Euskaltel take control of Telecable. Euskaltel, which operates in the Basque Country and also owns R, the regional network for Galicia, has informed Spanish regulator the CNMC that […]

Euskaltel-Telecable talks reportedly stall on control issue

Talks between Spanish regional cable operators Euskaltel and Telecable have stalled for the time being over who will be in charge of the combined enterprise, according a report by Spanish web news service OK Diario. According to OK Diario, citing unnamed sources close to the negotiations between the pair, Telecable’s owner, UK-based Zegona Communications, wants […]