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 […]

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 […]

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-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 […]

Telecable surges in Spain in latest Netflix ISP Index

Telecable established itself as the fastest internet service provider in Spain in November, climbing five places in Netflix’s latest monthly ISP Speed Index. The operator increased its average monthly speed from 3.61 Mbps in October to 3.68 Mbps in November and overtook Ono, Vodafone, Orange and Jazztel to take the top spot in the country. […]

Telecable finds new path for mobile after thwarted Yoigo move

Zegona Communications-owned Spanish regional cable operator Telecable has struck a deal with Telefónica that will enable it to offer the latter’s full range of mobile technologies, including LTE data services to its subscribers at what Zegona called “highly attractive terms”. Telecable expects to migrate its mobile customers to the new service during the first six […]