At what enterprise value was TELECABLE DE ASTURIAS acquired in 2017?

During the acquisition of TELECABLE DE ASTURIAS by EUSKALTEL in 2017, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TELECABLE DE ASTURIAS when it was acquired by EUSKALTEL?

The estimated EV/EBITDA multiple for TELECABLE DE ASTURIAS is in the range of 10x - 18x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was TELECABLE DE ASTURIAS acquired by EUSKALTEL?

TELECABLE DE ASTURIAS was acquired by EUSKALTEL in 2017.

What was the revenue of TELECABLE DE ASTURIAS at the time of the deal?

The revenue of TELECABLE DE ASTURIAS at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of TELECABLE DE ASTURIAS during the acquisition?

TELECABLE DE ASTURIAS's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the TELECABLE DE ASTURIAS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TELECABLE DE ASTURIAS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.reuters.com/article/world/europe/spains-euskaltel-buys-zegonas-telecable-for-around-770-million-idUSKCN18C0LT/

← DATABASE

Home Database TMT (Tech, Media, Telecom)TELECABLE DE ASTURIAS

05/2017

TELECABLE DE ASTURIAS acquired by EUSKALTEL

SPAIN Telecom / Operators EV 500M - 1.5b EUR

Context

Euskaltel has entered into a definitive agreement to acquire 100% of Telecable from Zegona Communications plc. The transaction's capital structure incorporates the assumption of €245 million in net debt alongside a structured earn-out framework providing an additional contingent payment of up to €15 million tied to the crystallization of specific tax assets. The consideration mix is engineered via a combination of cash and equity, under which Zegona will roll over its proceeds to secure a 15% strategic minority equity stake in Euskaltel's expanded capital. The acquisition thesis represents a major regional consolidation play within the Spanish telecommunications sector. By absorbing Telecable, Euskaltel successfully executes its northern expansion strategy, seamlessly connecting its core Basque infrastructure with a high-performance cable network that holds a market-leading position in the Asturias region. The strategic rationale focuses on driving significant post-merger operational and financial synergies, unlocking cost-reduction frameworks to enhance combined margin profitability.

It is worth noting that the fund Zegona Communications took control of Telecable De Asturias through an LBO in 2015.

TELECABLE DE ASTURIAS, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Telecable de Asturias S.A. operates as a leading regional provider within the telecommunications and digital entertainment sector, commanding a dominant market-leading position in the Asturias region of northwest Spain. The company’s business model centers on delivering an integrated, quad-play suite of electronic communication services, including fixed and mobile telephony, high-speed broadband internet, digital television, and specialized corporate network services. The entity's value proposition is built upon its extensive, localized network footprint and a deeply entrenched reputation for operational reliability and service quality. Serving as a critical infrastructure gateway for both residential and enterprise customers, Telecable differentiates itself in a highly competitive landscape through its advanced technical capabilities and localized customer support. Its commercial strategy is oriented toward continuous infrastructure modernization and service innovation, allowing the platform to dynamically adapt to shifting consumer entertainment habits and enterprise data demands while securing high customer retention and sustainable regional growth.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with TELECABLE DE ASTURIAS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
08/2015	ZEGONA COMMUNICATIONS	TELECABLE DE ASTURIAS	SPAIN	Telecom	Zegona Communications plc has successfully completed the 100% acquisition of Telecable de Asturias S.A., executing a targeted platform investment within the Iberian TMT sector. The transaction corporate buyouts' advisory perimeter included Travers Smith LLP and Cuatrecasas, Gonçalves Pereira, who served as legal and strategic counsel to facilitate the successful closing of the share transfer

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TELECABLE DE ASTURIAS by EUSKALTEL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: telecable de asturias

Acquirer: euskaltel