Zegona Communications

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 […]

Telecable finds new path for mobile after thwarted Yoigo move

Zegona Communications-owned Spanish regional cable operator Telecable has struck a deal with Telefónica that will enable it to offer the latter’s full range of mobile technologies, including LTE data services to its subscribers at what Zegona called “highly attractive terms”. Telecable expects to migrate its mobile customers to the new service during the first six […]

Telecable turns in solid results

Spanish regional cable operator Telecable has turned in solid growth in revenue and modest growth in EBITDA, with sales up 4.4% to €69.2 million and EBITDA up 1.9% to €69.2 million. In a statement on its interim results, Telecable’s UK-based owner Zegona Communications said that the operator had continued to build momentum following a consumer […]

Zegona keeps options open as MásMóvil outbids for Yoigo

Zegona Communications, owner of Spanish regional cable operator Telecable, has conceded that MásMóvil, its rival in the acquisition battle for Yoigo, has submitted a higher bid for the TeliaSonera-backed mobile operator. Zegona said that despite reaching a deal with TeliaSonera within the period of its exclusive talks with the Nordic telco, it had failed to […]

Zegona names Goldman Sachs exec as investment director

Zegona Communications, the UK-based owner of Spanish regional cable operator Telecable, has named Goldman Sachs executive Menno Kremer as investment director. Kremer was previously executive director in telecoms, media and technology group at Goldman Sachs, working on a broad range of M&A deals for companies including Altice, Deutsche Telekom and Liberty Global. Eamonn O’ Hare, […]

Spain’s Telecable in running to buy mobile operator Yoigo

Telecable, the Spanish regional cable operator owned by UK-based investment outfit Zegona Communications, is making a €380 million bid for Spain’s fourth-ranked mobile player Yoigo, according to local press. According to digital news service Hispanidad, Telecable, which operates in the Asturias region of north-western Spain, is in competition with Warburg Pincus, mobile virtual network operator […]

Moody’s reiterates B1 rating for Telecable

Credit rating agency Moody’s has reiterated its B1 credit rating for Spanish cable operator Telecable, which is owned by UK investment outfit Zegona Communications and operates in the Asturias region of north-western Spain. Moody’s said that the company had a strong position in its regional market, which had to be offset against the modest scale […]

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 […]

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