Advanced Television

Record profits for Euskaltel

March 4, 2019

From David Del Valle in Madrid

Basque-Country cable operator Euskaltel made a profit record of €62.8 million in 2018, up 26.6 per cent versus the previous year.

Total revenues grew by 11.2 per cent to €691.6 million, with €463.3 million, up 11.3 per cent, stemming from residentials and €189.9 million from enterprises.

EBITDA stood at €336.4 million, up 9.6 per cent. With these historic results, Euskaltel is now facing national expansion breaking into other Spain’s territories and with UK’s Zegona wavering to buy or not to buy.

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