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Euskatel consolidates Basque telecoms market with €700m Telecable acquisition

Connectivity BusinessbyConnectivity Business
May 16, 2017
in Investments, Space Services, Strategy and Markets
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UK TMT investment fund Zegona has sold its Spain-based cableco Telecable to Basque MVNO Euskaltel for €701m (US$771m) including debt. Zegona CEO Eamonn O’Hare said that the transaction “generates very… UK TMT investment fund Zegona (LSE:ZEG) has sold its Spain-based cableco Telecable to Basque MVNO Euskaltel (BME:EKT) for €701m (US$771m) including debt. In a bid to consolidate the northern Spanish market, Euskatel will pay €686m (US$758m) – which includes […]

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Tags: EuropeEuskaltelGoldman SachsHaitongPremiumTelecableTF256Zegona
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