Zegona Communcations

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 […]

Zegona yet to secure deal as Telia opens up to rival bids for Yoigo

Telia’s period of exclusive talks with UK-based cable investor Zegona Communications over the potential sale of Spanish mobile operator Yoigo has ended without a deal being struck, according to local press. Zegona, which owns Spanish Asturias region cable operator Telecable, had entered into exclusive talks with Telia to acquire Telia’s 76.6% stake in Yoigo in […]

Másmovil steps in after Zegona fails to submit Yoigo bid

Zegona Communications, owner of Spanish regional cable operator Telecable, has failed to meet the deadline to table a bid for mobile operator Yoigo, according to local reports, leaving the field free for rival bidder Másmovil to submit an offer. Zegona and Yoigo’s majority owner TeliaSonera had been in exclusive negotiations, with the UK-based cable and […]

Zegona eyes Yoigo as Telecable posts solid results

Zegona Communications, owner of Asturias region cable operator Telecable, and MVNO MásMóvil are among the companies to have placed bids for fourth-ranked Spanish mobile operator Yoigo, according to local reports. According to Expansión, the two groups have submitted offers to acquire Yoigo to TeliaSonera, 76.6% owner of the company. According to Expansión, citing unnamed sources, […]

Moody’s gives first-time B1 rating to Spain’s Telecable

Moody’s Investor Service has given a first-time credit rating of B1 to Spanish regional cable operator Telecable, owned by UK investment outfit Zegona Communications. Moody’s assigned a first-time B1 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to the Asturias region operator, and a B1 rating and loss given default (LGD) […]

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 […]

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 […]