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CNMC approves Telecable acquisition

Spanish competition watchdog the CNMC has approved the acquisition of regional cable operator Telecable by UK-based investment group Zegona Communcations. Zegona, headed by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, agreed to acquire the Asturias region operator last month for €640 million in a deal that followed hard on the heels of Basque […]

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 […]

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 […]

Spain’s R taps Arris for RFoG

Spanish cable operator R, which is based in the Galicia region, has signed a deal with technology provider Arris for Radio Frequency over Glass (RFoG) technology to to improve bandwidth provisioning, increase efficiency across its network and ensure legacy infrastructure can be expanded with fiber-to-the-premises RFoG extensions. The technology will be implemented from November 2014 […]