Spain’s Euskaltel Surges on $1.3 Billion Takeover of Grupo R

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Euskaltel SA, the phone and broadband carrier that operates in Spain’s Basque region, surged in Madrid after it agreed to buy R Cable y Telecomunicaciones Galicia SA in a deal valued at 1.16 billion euros ($1.3 billion) to expand in the north of the country.

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