Zegona

MásMóvil in bid to take over Euskaltel

Spanish number four operator MásMóvil has launched a tender offer to acquire 100% control of Euskaltel in a friendly bid that has secured the acceptance of the northern regional cable operator’s main shareholders. Euskaltel’s leading shareholder, UK-based investment outfit Zegona Communications, along with the group’s other main shareholders Kutxaband and Alba, which together own 52% […]

Spain’s Virgin telco running ‘well ahead’ of target

Spanish regional cable operator Euskaltel Group’s recently launched Virgin telco brand, which it uses to market services in Spain outside its home turf of the Basque Country, Asturias and Galicia, has now signed up over 58,000 customers after six months of operation. The total subscriber base includes 43,000 fixed and 15,000 mobile customers, with the […]

Zegona gives upbeat assessment of Euskaltel prospects

Cable and telecom investor Zegona Communications has given an upbeat assessment of prospects for Spanish cable operator Euskaltel, in which it is now the leading shareholder, following a restructuring of the management team under new CEO José Miguel García last week. Zegona said that the integration of three operating companies – Basque Country-based Euskaltel, Asturias’ […]

Zegona consolidates influence over Euskaltel with Samuelson appointment

Cable and telecom investor Zegona Communications has consolidated its control of the direction of Spanish regional cable operator Euskaltel by securing the reappointment of Zegona’s chief operating officer Robert Samuelson as its second proprietary director on the Euskaltel board. A Euskaltel shareholders’ extraordinary general meeting also ratified the earlier appointments of Eamonn O’Hare, Zegona’s chairman […]

Zegona secures appointment of García as Euskaltel CEO

Cable and telecom investor Zegona Communications has realised one of its key goals for Spanish regional cable operator Euskaltel by securing the appointment of former Jazztel chief executive José Miguel García as the company’s CEO. García will replace Francisco Arteche as Euskaltel chief, while Zegona chairman and CEO Eamonn O’Hare will b3come Zegona’s proprietary director […]

Zegona secures place for ex-Jazztel chief on Euskaltel board

Former Jazztel CEO Miguel García has replaced Robert Samuelson as investor Zegona Communications’ proprietary director on the board of regional Spanish cable operator Euskaltel. García replaced Samuelson, Zegona’s chief operating officer, effective as of yesterday. Zegona Communications, which recently displaced Basque Country bank Kutxabank as the northers Spanish cable operator’s biggest shareholder after acquiring shares […]

Zegona looks to up presence on Euskaltel board

Cable and telecom investor Zegona Communications will continue to focus on “placing ourselves in the best position to generate additional value from our investment in Euskaltel following purchases of shares that recently saw it emerge as the Spanish cable operator biggest shareholder. Posting its full-year annual report for 2018, Zegona’s chairman Eamonn O’Hare said that […]

Zegona displaces Basque Country bank as leading Euskaltel investor

UK-based cable and telecom investor Zegona Communications has displaced Basque Country bank Kutxabank as regional cable operator Euskaltel’s biggest shareholder. Zegona notified the operator and regulator the the Comision Nacional del Mercado de Valores that the 20 per cent. threshold for disclosure of its increased ownership position in Euskaltel was crossed on April 3 and […]

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 […]

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 […]

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