March 05, 2015 12:20 PM ET

Diversified Telecommunication Services

Company Overview of Euskaltel, S.A.

Company Overview

Euskaltel, S.A. provides fixed and mobile telephone, Internet, and cable television services in Spain. Its offers landline telephone connections, mobile telephone connections: GSM/UMTS/HScPA, (MVNO), interactive service TV over the CATV network, Internet access (cable modem, ADSL), wireless access to high speed Internet (WiFi/WiMAX), and data services. It offers product and services to residential users and companies. The company was incorporated in 1982 and is based in Bizkaia, Spain.

Parque Tecnológico Edificio 809

Derio

Bizkaia,  48160

Spain

Founded in 1982

Phone:

34 94 401 10 00

Fax:

34 94 401 10 49

Key Executives for Euskaltel, S.A.

Chief Executive Officer and Chairman
Chief Financial Officer and Controller
Chief Operating Officer
Chief Administrative Officer, Head of Human Resources, and Head of Quality
Director División Negocio Empresa
Compensation as of Fiscal Year 2014.

Euskaltel, S.A. Key Developments

Euskaltel Reportedly Mulls Partial Listing On The Stock Exchange

Euskaltel, S.A. has hired Rothschild as advisor to explore a potential partial listing on the stock exchange, business daily Expansion said on February 21, 2015, citing sources close to the firm. Expansion said atleast 25% of the share capital of Euskaltel will be listed. According to preliminary estimates, the listing could value Euskaltel at between €400 million and €500 million, the paper also said. Euskaltel and Rothschild were not immediately available to comment, Reuters reported.

Euskaltel Confirms Launch of New 250 MBPS Fiber Offer

Euskaltel has announced a new fiber offer with increased download speeds of up to 250 Mbps, more than double the previous high maximum speed of 120 Mbps. The new 250 Mbps download, 25 Mbps upload package comes with 60 minutes of calls a month to mobile numbers, 4,000 minutes to fixed line numbers, a mobile line with 120 minutes in calls and 500 MB in mobile data, plus a selection of HD TV channels for EUR 52.90 including VAT per month.

Euskaltel to Shed 36% of Workforce

Euskaltel is to shed 36% of its workforce in a plan to outsource most of its technological functions to external suppliers. The reduction of the operator's employee numbers from 546 to around 350 would take place soon. The operation would allow the company to focus on developing its core business.

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