Zegona Communications

Zegona gives itself two years for next investment after Euskaltel sale

Zegona Communications, the UK-based telecom investment outfit that owns a significant stake in Spanish cable operator Euskaltel, soon to be acquired by MásMóvil, has given itself two years to re-invest in another European TMT sector operation before consulting on returning its remaining assets to shareholders. On completing the sale of Euskaltel, Zegona has committed to […]

Euskaltel ‘returns to growth’ as national expansion plans take shape

Spanish regional operator Euskaltel posted a return to revenue growth in the fourth quarter, despite a small decline for the full year, and reported improved operating results, with an increase in products under contract of 81,172, taking its revenue-generating unit total to 2.85 million. While full-year revenues were down 0.9%, the company posted an increase […]

Euskaltel names new technology chief

Spanish regional cable operator Euskaltel has named Ángel Olabuenaga Burón as its new chief financial officer, replacing Jon Ander de las Fuentes Inchausti. Olabuenaga has previously worked for companies including Deloitte, Telefónica Data España and Electrolux. Most recently he was CFO, Latin America for wind turbine group Vestas. Ander de las Fuentes has served as […]

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% […]