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 […]

Euskaltel ‘close to deal’ with Zegona to create Spanish regional cable powerhouse

Spanish cable operator Euskaltel could be close to striking a deal with UK-based Zegona Communications to take over Zegona-owned Telecable, creating a regional cable powerhouse in northern Spain, according to local press. According to Spanish financial daily Expansión, Euskaltel, which operates in the Basque Country and – via subsidiary R – in Galicia, is close […]

Euskaltel sees strong TV growth

Spanish regional cable operator Euskaltel, which controls networks in the Basque Country and, through subsidiary R, in Galicia has posted revenues of €430.4 million for the third quarter, up 76.1%, and EBITDA of €209.5 million, up 79.6%. On a like-for-like basis, including R’s prior year revenues, revenue growth was 2.2%, driven primarily by 4.4% growth […]

Changes in Spain, Portugal in latest Netflix ISP Speed Index

Netflix noted a number of changes in the Spanish and Portuguese markets in its latest monthly Internet Service Provider Speed Index. The subscription video-on-demand giant said there was “a lot of momentum” in Spain during September. Vodafone rose two spots to take first place in the scale with an average monthly speed of 3.77 Mbps […]

Euskaltel reduces debt costs

Spanish regional cable operator Euskaltel has said it has succeeded in reducing the cost of a €300 million institutional term loan by 21%, equivalent to 100 base points, leaving it with superior terms to those of comparable operators active in the market in recent months. The €300 million term loan was part of a €900 […]

Euksaltel sees strong growth across services

Spanish regional cable operator Euskaltel ended the first half of 2016 with 548,000 residential customers, up 0.5% year-on-year, while product sales for the first half numbered 59,000, taking products contracted to 1.86 million. According to Euskaltel, 65.2% of its customers now take three or more services, up from 61.2% last year. The average number of […]

Euskaltel shareholders approve changes

Spanish cable operator Euskaltel’s general shareholders meeting has approved the re-election of Alberto García Erauzkin as executive chairman and Francisco Arteche as its new CEO. The meeting also approved the appointment of board member Alician Vivanco, representing Karteral 1 SL and of independent board members Elisabetta Castiglioni and Miguel Ángel Lujua, as well as the […]

Former Ono, Wananchi CEO Richard Alden arrested for murder

Richard Alden, the former CEO of Spanish cable operator Ono and more recently CEO of Kenya-based free and pay TV broadcaster and channel provider Wananchi, has been arrested for murder in Kenya. Alden was arrested after Grace Wangechi Kinyanjui, with whom he was reportedly in a relationship, was shot at his home in a suburb […]

Spanish cable operator Euskaltel’s CEO replaced

Fernando Ojeda, the CEO of Spanish Basque Country cable operator Euskaltel, which also owns Galician operator R, has resigned, and the company’s board has appointed former Microsoft executive Francisco Arteche in his place. Ojeda’s departure has been accompanied by significant changes in the make-up of the company’s board, with independent directors Richard Alden and Bridget […]