Apax, Trilantic Freeze Bids for Euskaltel, Confidencial Reports

Sept. 11 (Bloomberg) -- Apax Partners LLP and Trilantic Capital Partners froze their bids to buy Euskaltel, a cable company in Spain’s Basque region, until regional elections are held on Oct. 21, El Confidencial reported, citing unidentified people close to the matter.

Private equity firms Apax and Trilantic want to see which political party wins the elections because policies on items such as phone bills, networks, investments and taxes could be different from one party to another, the news website said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net