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Euskaltel still interested in Telecable, says chief executive
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Basque Country cable operator Euskaltel’s chief executive Alberto Garcia Erauzkin has indicated he would still be interested in acquiring Asturias region operator Telecable, which was recently purchased by UK-based investment group Zegona Communications.
Speaking at a regional development conference, Erauzkin said that an acquisition of Telecable, which would unify all three northern Spanish regional cable operators, could be a possibility for the future. However, Euskaltel’s initial priority is to close the acquisition of Galicia-region operator R, he said.
The R acquisition has still be secure approval from Euskaltel’s shareholders as well as approval by the Spanish competition authority.
Separately, London-based Zegona reported losses after tax of £690,661 for the period from its incorporation on January 19 to June 30. The group incurred administrative expenses of £693,825 for the same period and received interest of £3,164. The outfit hald a chash balance of £27,826,877 as of June 30.
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