R


Euskaltel is underperforming, says shareholder Zegona

Spanish regional cable operator Euskaltel has failed to take sufficient action to improve its performance since acquiring Asturias operator Telecable from UK-based owner Zegona Communications, according to the latter’s assessment of the company. Publishing its annual report, Zegona said that it was “disappointed” by the decline in Euskaltel’s share price since the closing of the […]

Euskaltel sees strong take-up of Android TV box

Two months on from its acquisition of Asturias operator Telecable from UK-based Zegona Communications, Spanish Basque Country-based cable operator Euskaltel has seen its pay TV base grow by 127,000 year-on-year to 394,000 in the year to September, and has seen strong take-up of its new Android TV-based box. The company said that its on-going TV […]

Euskaltel completes Telecable acquisition

Spanish regional cable operator Euskaltel has completed the acquisition of Zegona Communications-owned Asturias region operator Telecable. Completion of the deal follows approval by the Bilbao-based operator’s shareholders and a green light by the country’s competition watchdog, the CNMC. The acquisition of Telecable creates a single cable operator covering the Basque Country, Asturias and Galicia, where […]

Spain gains ground in latest Netflix ISP Speed Index

Spain jumped 13 spots to 16th place in Netflix’s most recent global ISP Speed Index, due to speed gains in the country. Netflix’s monthly ISP index found that Spain had an average speed of 3.36 Mbps in February, up from 3.06 Mbps a year earlier. While Telecable remained Spain’s fastest ISP with speeds of 3.82 […]

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 […]

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 […]

Euskaltel posts solid growth following R acquisition

Spanish regional cable operator Euskaltel, which operates in the Basque Country, has posted revenues of €142.3 million for its first quarterly results since its integration of Galician operator R. The figure represents a near doubling of the €79.6 million it posted for the same period in 2015. EBITDA for the quarter amounted to €69.1 million, […]

Mobile and TV boost for Euskaltel

A strong increase in mobile revenue-generating units and a more modest but significant increase in TV customers helped boost Spanish regional cable operator Euskaltel’s performance despite zero growth in its overall customers base last year. The Basque Country operator saw its mobile base increase by over a third, or 94,000 customers to 368,000 over the […]

Euskaltel still interested in Telecable, says chief executive

Basque Country cable operator Euskaltel’s chief executive Alberto Garcia Erauzkin has indicated he would still be interested in acquiring Asturias region operator Telecable, which was recently purchased by UK-based investment group Zegona Communications. Speaking at a regional development conference, Erauzkin said that an acquisition of Telecable, which would unify all three northern Spanish regional cable […]