M&A Deal Summary

Euskaltel Acquires Telecable de Asturias S.A.U.

On May 16, 2017, Euskaltel acquired communications company Telecable de Asturias S.A.U. from Zegona Communications for 686M EUR

Acquisition Highlights
  • This is Euskaltel’s 2nd transaction in the Communications sector.
  • This is Euskaltel’s largest (disclosed) transaction.
  • This is Euskaltel’s 2nd transaction in Spain.

M&A Deal Summary
Date 2017-05-16
Target Telecable de Asturias S.A.U.
Sector Communications
Buyer(s) Euskaltel
Sellers(s) Zegona Communications
Deal Type Divestiture
Deal Value 686M EUR

Target

Telecable de Asturias S.A.U.

Gijon, Spain
Telecable de Asturias S.A.U. offers cable broadcasting and telecommunication services. It provides cable transmission, mobile and landline communication, and broadband services.

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Buyer(S) 1

Buyer

Euskaltel

Derio, Spain
Category Company
Founded 1995
Sector Communications
Employees578
Revenue 678M EUR (2020)
DESCRIPTION

Euskaltel is the telecommunications provider and sole cable operator in the Basque Region of Spain. Euskaltel provides fixed-line, broadband and pay TV services to consumers and corporates, and mobile services as a Mobile Virtual Network Operator (MVNO). Euskaltel has a competitive advantage compared to other players in the region given its capability to offer high speed broadband services through its state-of-the-art fibre to-the-node network. Euskaltel was founded in 1995 and is based in Derio, Spain.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Divestiture) 1 of 1
Country (Spain) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 R Cable y Telecomunicaciones Galicia S.A.

Spain

R Cable y Telecomunicaciones Galicia, S.A. (dba Operador R) offers a range of high quality products, including fixed telephone lines, broadband, pay-TV.

Buy €1.2B

Seller(S) 1

SELLER

Zegona Communications

London, United Kingdom
Category Company
Founded 2015
Sector Communications
Employees12
DESCRIPTION

Zegona Communications is an invester and operates businesses in the European Telecommunications, Media and Technology (TMT) sector. Zegona Communications was founded in 2015 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Telecable de Asturias S.A.U.

Gijon, Spain

Telecable de Asturias S.A.U. offers cable broadcasting and telecommunication services. It provides cable transmission, mobile and landline communication, and broadband services.

Buy €640M
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