Zegona has announced a buyback programme of its ordinary shares in the Spanish cable operator Euskaltel for an aggregate purchase price of up to £10 million.
Spain’s Euskaltel has embarked on its national expansion plan. Employing the brand Virgin telco, it aims to eventually reach the 85% of the Spanish market it does not currently operate in.
The Spanish cable operator Euskaltel recorded a sixth consecutive quarter of growth in fixed line customers in the first three months of this year.
Spain’s Euskaltel Group, which comprises the Euskaltel, R and Telecable brands, gained 21,669 new TV subscribers in 2019.
The Spanish cable operator Euskaltel has signed a trademark licence agreement with Virgin Group to use the Virgin brand in Spain to drive its National Expansion strategy.
Angel Olabuenaga Buron has been appointed the CFO of the Spanish cable operator Euskaltel.
The Spanish cable operator Euskaltel has announced a new agreement giving it long-term access to Orange’s fibre network, covering 14 million households in the country.
The Spanish cable operator Euskaltel’s new CEO José Miguel has “made a fast start with significant progress” in his first month.
Zegona has announced that it is making significant progress in its strategy to return the Spanish cable operator Euskaltel to growth.
José Miguel Garcia, Zegona’s proprietary director on the board of Spain’s Euskaltel, has been appointed Euskaltel’s CEO in place of Francisco Arteche.