Euskatel €1.2 billion acquisition of R Cable

27/11/2015
Public acquisition

€ 1.2 billion

$ 1.264 billion

Completed

27/11/2015


Overview:

  • Euskaltel—a Basque-based Spanish telecommunications company—has acquired R Cable for €1.2 billion.
  • Euskaltel offered shareholders in R Cable cash and new shares, and the merged operator will continue to act under two separate brands.
  • The combined operators will serve 715,000 residential and business customers in the north of the country, with R Cable being active in Galicia and Euskaltel in Basque country. 
  • Consolidation has been a theme on the Spanish cable market, and the deal follows Vodafone’s acquisition of cable operator Ono and Orange’s takeover of Jazztel.

Adam Majeed - Regional editor 

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