Euskaltel


Former Virgin Media execs’ outfit buys Spain’s Telecable for €640m

UK-based investment group Zegona has acquired the smallest of Spain’s three independent cable operators, Telecable, for €640 million. Zegona’s deal to buy Telecable, which operates in the Asturias region of northern Spain, followed hard on Basque region operator Euskaltel’s agreement to acquire Galician operator R for €1.155 billion. Euskaltel was seen as the most likely […]

Euskaltel acquires R for €1.155 billion

Basque region cable operator Euskaltel has acquired Galician operator R for €1.155 billion including debt, in a cash and shares transaction, confirming its role as the consolidator amongst the three independent operators in the northern part of Spain. The deal values R, which is 70% owned by investment group CVC and 30% by local bank […]

Speculation mounts on Euskaltel bid for Telecable

Speculation is mounting that Basque region cable operator Euskaltel could make a bid for Asturias operator Telecable following a reported postponement of the deadline for bids for the latter by private equity owner Carlyle from July 13 to July 24. The postponement is seen as giving time for Euskaltel to do the necessary due diligence […]

Blackrock takes stake in Euskaltel

Private-equity group Blackrock has acquired a 3.6% stake in Basque Country cable operator Euskaltel, which successfully debuted on the Bilbao stock market last week. Euskaltel’s other key investors remain regional bank Kutxaband, with a 30.1% stake and Corporación Financiera Alba, with 8%. Following its IPO on Wednesday, with shares priced at €9.50, in the middle […]

Carlyle reportedly looking at Telecable sale

Private equity outfit Carlyle could sell its controlling stake in Spanish regional cable operator Telecable, according to press reports. According to Reuters, citing two sources with knowledge of the matter, Carlyle has hired Goldman Sachs to advise on a possible sale of its 85% stake in the operator, which runs networks in the Asturias region […]

Sundance Channel signs Spain and Romania deals

Sundance Channel is expanding its European distribution after parent company AMC/Sundance Channel Global signed deals in Spain and Romania. The general entertainment channel has launched in HD on Spanish cable platform Euskaltel as part of the TVD100 package and in standard definition and HD on UPC Romania’s network in the Digital Maxim HD and Digital […]

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