Zegona Communications


Euskaltel posts second quarter results following strategy shift

Spanish regional cable operator Euskaltel reported a modest increase in revenues and EBITDA but a sharp decline in net profits for the first half as the effects of its new Zegona Communications-driven strategic roadmap begin to kick in. Euskaltel said it had successfully grown its “high-value” customer base in the second quarter. The company added […]

Zegona shareholders give green light to Euskaltel plan

UK-based cable and telecom investor Zegona Communications’ shareholders yesterday approved the company’s plans to up its stake in regional Spanish cable operator Euskaltel through open market purchases. Zegona’s acquisition of additional Euskaltel shares could see it supplant regional bank Kutxabank as the Basque Country-based operator’s principal shareholder. The UK based group successfully completed a share […]

Euskaltel outlines ambitious revenue and EBITDA growth plan

Spanish regional cable operator Euskaltel has outlined plans to grow its revenue to €800 million, with EBITDA of €400 million, by 2022, with its expansion into new markets accounting for 8% of revenues by that date. The ambitious turnover target would imply growth of 28.6% on the company’s figure for 2017, with the EBITDA figure […]

Euskaltel posts strong revenue and profit growth

Spanish cable operator Euskaltel has posted strong revenue and profit growth for the first half of the year on the back of increased subscriber numbers and falling churn. Euskaltel posted revenues of €349.3 million for the first six months of the year, up 25%. EBITDA was up 22.4% to €168.8 million, with a revenue margin […]

Euskaltel turns in solid subscriber gains

Spanish regional cable operator Euskaltel, which last week completed the acquisition of Zegona Communications-owned Asturias operator Telecable, has posted solid subscriber gains for the first half and reduced revenues in what it described as a highly competitive market. Euskaltel saw particularly strong growth in the mobile segment, adding 35,000 new mobile lines in the first […]

Euskaltel shareholders approve Telecable acquisition

Spanish regional cable operator Euskaltel’s annual shareholders meeting has approved the company’s acquisition of Asturias operator Telecable, owned by the UK’s Zegona Communications. The acquisition means that Euskaltel, which operates in the Basque Country and, through its subsidiary R, Galicia, will now have an addressable market of six million people, and will provide 2.4 million […]

Euskaltel names new board as shareholders meet to OK Telecable acquisition

Spanish regional cable operator Euskaltel’s shareholders are expected to give a green light to the company’s acquisition of Zegona Communications-owned Telecable today, along with a capital increase and the expansion of the company’s board from 10 to 12 members. The new board will include Robert Samuelson as representative of Zegona, which will hold a 15% […]

MásMóvil reportedly teaming up with Huawei to launch TV service

Spanish mobile operator MásMóvil, the country’s fourth-largest telco, is planning to launch a TV service in partnership with Huawei, according to Spanish press. According to financial daily El Español, citing two unnamed sources, the operator plans to launch an ‘open’ TV platform that will make third-party services such as Netflix, HBO and Amazon available via […]

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 […]

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 […]