R (cable operator)
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| R | |
| Formerly | R Cable y Telecomunicaciones Galicia, S.A. |
| Company type | Sociedad anónima unipersonal |
| Industry | Telecommunications, Media |
| Founded | A Coruña, Spain (1999) |
| Headquarters | A Coruña , Spain |
Area served | Galicia |
Key people | Arturo Dopico, CEO |
| Services | Digital television, broadband Internet, fixed-line telephone, mobile telephony as MVNO |
| Owner | Euskaltel, S.A. |
Number of employees | 200 [citation needed] |
| Website | mundo-r |
R Cable y Telecomunicaciones Galicia, S.A. is a Spanish telecommunications company that offers fixed and mobile telephone, television and broadband internet services to businesses and consumers in Galicia, Spain.
History
[edit]In 1998, when the telecommunication industry was liberalized,[jargon] Galicia, Spain adjudicated[jargon] a contest to deploy wire in the area. At stake in the contest were three territorial demarcations: A Coruña, Santiago de Compostela and the rest of Galicia. The contracts for the three demarcations were won by the Galician Group of Companies for the Wire, Group Wire S.A.[citation needed] The two group companies would later merge to form R Cable y Telecomunicaciones Galicia,[1] S.A. when the demarcations were consolidated administratively.[citation needed]
During 2006, R expanded its geographic operations, offering direct access services to small areas in Galicia such as Monforte de Lemos, Sarria, Sada, O Porriño and A Laracha. R also established agreements with other municipal councils like Xove, Burela, Vilalba, Ribadeo and Viveiro.
In July 2015, Euskaltel made a purchase offer of 1.155 billion euros, which was later increased to 1.190 billion euros in October 2015, when the sales agreement was signed.[2][3]
In 2019, following Euskaltel's acquisition of R (R Cable y Telecomunicaciones Galicia, S.A.U.) and Telecable (Telecable de Asturias, S.A.U.), the former merged with the latter through absorption, forming a new company named R Cable y Telecable Telecomunicaciones, S.A.U.[4]
Services
[edit]R provides television, broadband Internet, and mobile telephony services to over 820,000 homes and companies in the Galicia region. The television service brings over a hundred channels to customers with the related signal decoder. It includes Oriel, a pay television service where customers can order films, sports programming, and television series. For customers without the signal decoder, R provides about two dozen channels. R also provides TDT channels and other channels for those with the DVB-C cable reception system. For Internet service, R offers various speed packages from 3 Mbit/s to 100 Mbit/s.[note 1] R was one of first operators to offer 100 Mbit/s asymmetric speeds in Spain.[citation needed] On 20 November 2007, the eighth anniversary of the company, R launched a mobile telephony service as a Mobile virtual network operator (i.e. it uses the antenna network of another company). The service went live on 3 December, and has garnered 190,000 customers.[citation needed]
Corporate affairs
[edit]R has had numerous changes in ownership, including 25 major shareholding exchanges.[citation needed] One of its most important changes was in September 2008, when Caixanova, NCG Banco's predecessor, bought the 35.44% held by Unión Fenosa (which was acquired by Gas Natural), which gave Caixanova a 66.24% share.[citation needed]
In April 2010, British private equity firm CVC Capital Partners acquired a 35% stake in R.[1][5] In November, CVC exercised an option to increase its stake to 70%[6] in an agreement in which the current shareholders looked for "to guarantee the future of the Galicia City of the project, keeping its current social headquarters".[need quotation to verify] In February 2014, CVC acquired the remaining 30% of the stock from NCG Banco.[7][8][better source needed] In November 2015, Euskaltel acquired R.
Gallery
[edit]-
A Mundo-R telephone booth in Vigo.
See also
[edit]- Cogent Communications
- Euskaltel – Basque telecommunications company, owner of R
- Tata Communications
- Telecable – Asturian telecommunications company, also subsidiary of Euskaltel
Notes
[edit]- ^ The Internet speed packages listed are for download rates. Upload rates are a smaller fractions.
References
[edit]- ^ a b "CVC Capital Partners - Current Portfolio". Cvc.com. Retrieved 25 March 2014.
- ^ EFE (6 October 2015). "Euskaltel cierra la compra de R por 1.190 millones" (in Spanish). Cinco Días. Retrieved 27 August 2024.
- ^ "Euskatel completa la compra de R Cable y crea la primera "teleco" del norte de España". Diario ABC (in Spanish). 27 November 2015. Retrieved 27 August 2024.
- ^ "DECLARACIÓN AMBIENTAL 2019 R CABLE Y TELECABLE TELECOMUNICACIONES, S.A.U." (PDF). estatico.mundo-r.com. 2 October 2020. Retrieved 27 August 2024.
- ^ Tobin, Paul (14 April 2010). "CVC Acquires 35% Stake in Spanish Regional Cable Operator R". Bloomberg News. Retrieved 25 March 2014.
- ^ "CVC exercises option to raise R stake to 70 percent". Telecompaper. Retrieved 25 March 2014.
- ^ "Asociación Española de Entidades de Capital Riesgo" (in Spanish). Ascri. Retrieved 25 March 2014.
- ^ "The CME Monthly Index" (PDF). RBC Capital Markets. 3 March 2014. Archived from the original (PDF) on 25 March 2014.
External links
[edit]- Official website (in Spanish)
- R cable portfolio at CVC Capital Partners
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