euro news2708_news 29/08/2015 09:10 Page 4
Zegona acquires Telecable
egona - an operating company
established in March 2015 with
the objective of acquiring
businesses in the European
Telecommunications, Media and
Technology sector - has reached
agreement with global alternative
asset manager, The Carlyle Group and
Liberbank, to acquire Telecable de
Asturias S.A., the leading quad-play
telecommunications operator in
Asturias, North West Spain, for an
enterprise value of €640m. Zegona
will fund the acquisition with a
combination of £251m of new equity,
backed by global institutional
investors, funds from Zegona’s recent
IPO and a new debt facility arranged
by Goldman Sachs.
“There is a significant opportunity to
continue the impressive development of the
Telecable business. By combining the local
knowledge of the team in Spain with the
international experience and track record of
Zegona, we have the right leadership to drive
Z
“This is a landmark
day for Telecable.”
Telecable forward and deliver its full
potential,” commented Zegona Chief
Executive Eamonn O’Hare. “Telecable fits
the bill in terms of our reasons for launching
Zegona as it is a strategically-strong business
with considerable opportunity for top line
growth and returns. It is also a regional
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