Mediapro and Movistar fail to come to agreement on BeIN Sports

Spanish broadcaster Mediapro and Telefónica have failed to strike a deal that would allow Telefónica’s Movistar TV subscribers to see Champions League and Europa League football on the platform via Mediapro’s BeIN Sports channel. Mediapro issued a communiqué to the effect that it not signed a deal with Movistar and that the latter’s subscribers would […]

Zegona to move from AIM to main London stock market

Zegona Communications, the London-based telecom investment company, is to transfer its London listing from the Alternative Investment Market to the main London Stock Exchange next month in a move that its directors say will increase its attractiveness to a broader range of investors. Zegona recently acquired Spanish cable operator Telecable for €640 million and listed […]

Zegona completes Telecable acquisition, issues shares

UK-based investment group Zegona Communications has completed the acquisition of 100% of Spanish regional cable operator Telecable for €640 million. Zegona is following up its acquisition by trading Telecable shares under the ZEG ticker on London’s AIM alternative investment stock market, making 192,326,724 ordinary shares available at nominal price of £0.01. Zegona has also issued […]

Mediapro strikes BeIN Sports deal with Telecable

Following similar deals with Vodafone and Orange, Catalan broadcaster Mediapro has struck a deal with Asturias region cable operator Telecable for the carriage of its new BeIN Sports channel, a joint venture with Qatar’s BeIN Sports group for the Spanish market. The deal will enable Telecable to make a broad range of football content, including […]

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 Telecable eyes 4K move

Spanish operator TeleCable is trialling 4K with a view to possibly supporting the technology from next year, according to chief technology officer Jesús Pérez Iglesias. Speaking at the Arris Video Leadership Forum in Barcelona this week, Iglesias said TeleCable is currently running Ultra HD trials, but warned there are “several problems” with the technology – […]