Spain: Euskaltel profits up 41%

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Basque-country cable company Euskaltel saw its profits rise by 41.5 per cent to September 30th, hitting a total of €46.6 million.

The group, formed by Euskaltel, Telecable in Asturias and R in Galicia, earned €521.1 million in revenues, up 17.4 per cent on the same period last year. EBITDA amounted to €252.9 million, up 15.3 per cent.

This is good news for Euskaltel’s main shareholder, the UK’s Zegona, which recently acquired an additional 14.9 per cent in the company giving it a total stake of over 29 per cent.


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