Who owns TELECABLE DE ASTURIAS?

TELECABLE DE ASTURIAS has been 100% owned by ZEGONA COMMUNICATIONS since August 2015.

At what enterprise value was TELECABLE DE ASTURIAS acquired in 2015?

During the acquisition of TELECABLE DE ASTURIAS by ZEGONA COMMUNICATIONS in 2015, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

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

The estimated EV/EBITDA multiple for TELECABLE DE ASTURIAS is in the range of 5x - 12x.

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.

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.

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.zegona.com/~/media/Files/Z/Zegona/press-release/completion-of-acquisition-of-Telecable.pdf

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 14.9x.

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

08/2015

TELECABLE DE ASTURIAS acquired by ZEGONA COMMUNICATIONS

SPAIN Telecom / Operators EV 500M - 1.5b EUR

Context

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. The investment thesis centers on acquiring a high-performing regional champion to capture localized market consolidation and build a formidable telecommunications footprint in Europe. By absorbing Telecable, Zegona Communications integrates a dominant, high-margin asset with a deeply entrenched infrastructure network and a premium reputation for customer satisfaction. The strategic rationale focuses on leveraging Zegona's institutional sector expertise and experienced management team to drive operational efficiencies across the expanded network. This acquisition provides the platform with the necessary scale to roll out an enhanced, innovative quad-play service offering, maximize long-term shareholder value, and strengthen its competitive market-leading positioning within the broader Spanish telecommunications landscape.

TELECABLE DE ASTURIAS, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.9x).

-> 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.

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2014

Other operations with TELECABLE DE ASTURIAS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
05/2017	EUSKALTEL	TELECABLE DE ASTURIAS	SPAIN	Operators

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 ZEGONA COMMUNICATIONS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: telecable de asturias

Acquirer: zegona communications