Zegona Communcations


Zegona clarifies on Euskaltel

Cable and telecom investor Zegona Communications has clarified that it has not acquired any additional shares in regional Spanish cable operator Euskaltel above its existing 15% stake and that it would only make market purchases of Euskaltel shares at the right price. The clarification followed mistaken reports by some local  media that interpreted the concluding […]

Zegona raises capital for Euskaltel share purchases

Cable and telecom investor Zegona Communications has successfully completed its share placing, raising gross proceeds of approximately £100.5 million (€112.6 million). The share placement represents about 75.8% of UK-based Zegona’s issued ordinary share capital prior to the placing. The company plans to use the capital raised to make new purchases of shares in Spanish regional […]

Zegona to raise capital for Euskaltel share purchases

Cable and telecom investor Zegona Communications has unveiled plans to raise at least £100 million through a share placement as it moves to realise its aim to purchase shares in regional Spanish cable operator Euskaltel on the open market. Zegona has also entered into agreement with Virgin Group and Barclays Banks to draw up to […]

Zegona pulls Euskaltel shares offer

Cable and telecom investor Zegona Communications has informed Spanish regulator the CNMC that it is withdrawing its offer to acquire an additional 14.9% stake in regional cable operator Euskaltel, which, on top of its existing 15% stake, would have see it become the Basque Country-based player’s largest shareholder. Zegona said that deteriorating conditions in the […]

Zegona moves to double stake in Euskaltel

Cable and telecom investment group Zegona Communications has moved to double its stake in Spanish regional cable operator Euskaltel by making a tender offer for up to 14.9% of the company. Zegona is offering €7.75 a share or a premium of 18%, in a move that could see it double its existing 15% stake in […]

Euskaltel grows subscriber base and revenues

Spanish regional cable operator Euskaltel increased its subscriber base and grew revenue and profit in Q1, with CEO Francisco Arteche saying that the company’s bundling strategy was paying dividends. Euskaltel’s revenue rose 26.6% to €176.6 million for the quarter, while EBITDA grew by 23.8% to €84.2 million. Operating cash flow was up 12.3% to €50.3 […]

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 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 […]

Telecable posts solid results, Zegona looking for investment opportunities

Spanish regional cable operator Telecable has posted solid first quarter results, with revenue boosted by a price increase in January. Telecable’s first quarter revenues rose by 5.7% to €34.9 million, the highest revenue growth for the first quarter in six years. EIBTDA rose by 3.7% to €16.6 million, while cash flow rise by 11.1$% to […]

Zegona out in the cold as Telia sells Yoigo stake to MásMovil

Nordic telco Telia has agreed to sell its majority stake in Spanish mobile operator Yoigo to local mobile player MásMóvil, leaving UK-based cable and telecom investor Zegona Communications out in the cold. Zegona, which owns regional cable operator Telecable, had been in exclusive negotiations with Telia to acquire its 76.6% stake but had been unable […]