Euskaltel’s FTTH network on sale to finance expansion
October 9, 2019
From David Del Valle in Madrid
Zegona-controlled telco operator Euskaltel plans to sell its FTTH network to finance its national expansion throughout Spain.
This plan, however, is being opposed by Euskaltel’s workers who regard the operation as potentially “harmful” to the company’s interests by reducing its infrastructure resources.
Workers fear a redundancy plan in a later phase within R and possibl Telecable, also part of Euskaltel. Zegona controls the board of directors and is the major shareholder, meaning that a sale decision is likely to be approved.