Zegona breaks into Euskaltel’s board of directors

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Following its recent takeover of the company, Zegona has made its first move into Spanish telco Euskaltel by appointing José Miguel García, former CEO of Jazztel, as a member of the board of directors in the Basque-country-based company.

With the appointment, Zegona takes positions in the company with its right-hand executive to be CEO of Euskaltel in the near future.

The move takes place as Euskaltel announces its Q2 results with revenues down 2.8 per cent to €171.7 million and an EBITDA of &81.1 million, down 3.7 per cent.

Euskaltel plans to end the year with 30,000 new customers and increase its revenues by €10 million in its new markets (Navarra, León, Cantabria, La Rioja and Catalonia).


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