The UK venture capital fund Zegona expects to complete the acquisition of a further 14.9% stake in the Basque cable operator Euskaltel in the first week of February 2019.
Virgin Mobile is preparing to enter the Spanish market through what would be a partial take-over of the Basque cable operator Euskaltel by the venture capital firm Zegona.
The Spanish regulator CNMC has fined Telefónica €8.5 million for breaching its obligations as a wholesaler of broadband and terminal leased lines.
The Spanish cable operator Euskaltel had 274,100 TV RGUS as of the end of June, or 9,000 (+3.5%) more than in the same period last year.
Consolidation in Spain’s cable industry is gathering pace, with the board of Euskaltel agreeing to the acquisition of Telecable and Zegona as a 15% shareholder in the newly expanded Euskaltel Group.
The Spanish cablenet Euskaltel has taken control of Zegona’s Telecable for €700 million.
Spain’s Euskaltel Group ended the first quarter with record penetration rates for its residential broadband (84.5%), mobile telephony (78.6%) and pay-TV (58.5%) services.
The Spanish cable operator Euskaltel saw strong growth in the first full year following its IPO and integration of Galicia’s leading operator R.
Basque cable operator Euskaltel has closed the acquisition of Galician operator R.
Consolidation on the Spanish cable market continues with Basque operator Euskaltel planning to acquire R cable for €1.2 billion.