Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

Urkullu sees "an opportunity to grow" in the sale of Euskaltel

  • Lehendakari has ensured that there are guarantees that the company will maintain its roots in the Basque Country. The operation has undermined the concern that has been raised in the area.

12 April 2021 - 17:09
Irudia: eitb.eus.

Iñigo Urkullu has been interviewed this Monday morning at Radio Euskadi, and among other things, he has talked about the purchase of Euskaltel by MasMobile. The operation has been the subject of many criticisms in the political, business and social spheres – they have denounced that public money is the destination of the private sector; or that it involves the loss of a strategic industry. Urkullu has acknowledged that there are concerns, but it has downplayed them by saying that in the operations of previous years "the advertisers of misfortune" also appeared.

On the one hand, the Lehendakari of the Basque Country has pointed out that the sale of Euskaltel is a consequence of the development of the “markets”: “We are in a global market. Euskaltel was born 25 years ago, in a different context, in a local market and with few competitors. Euskaltel has evolved, shareholders too, and it cannot be forgotten that they have had to adapt to the regulations that have changed." On the other hand, it has ensured that the permanence of Euskaltel and the maintenance of the roots in the CAV is guaranteed. The sales agreement between Euskaltel and MoreMobile states that the registered office will be maintained for at least five years in the CAV and the Euskaltel brand, but according to Urkullu, "the guarantees of settlement go beyond those first five years".


You are interested in the channel: Euskaltel
2022-01-24 | ARGIA
Zamudioko ZTE enpresan akordioa erdietsi eta greba bertan behera utzi dute

ELA sindikatuak hitzarmena defendatzeko deitutako hamar eguneko greba hasi bezperan, akordioa lortu dute Zamudioko ZTEko zuzendaritzarekin. Hitzarmenak soldata-igoerak, lanaldi-murrizketa, aplikatu beharreko gutxieneko soldatak eta telelanaren oinarriak jasotzen ditu. Gauzak... [+]


MoreMobile sells Euskaltel’s TV business to Agile Content
The operation will entail a disbursement of EUR 32 million for the new owner of Euskaltel Euskadi. MoreMóville has also made changes to its staff and announced that it will keep several of its existing members.

Agur Euskaltel: MoreMóville has awarded 98% of the shares and distributed EUR 27 million among 52 people
Euskaltel has a new owner: MoreMobile. The Basque Government will maintain "for at least five years" its registered office and tax office in the Basque Country, as it has specified. The company was established 27 years ago, with 100% public money, in exchange for the PNV to allow... [+]

PNV, PSE and pp reject in the Basque Parliament the creation of a public bank to deal with vulture funds
The motion tabled by Elkarrekin-Podemos and EH Bildu on the creation of a public bank to help strategic companies has been debated in the Basque Parliament. In his view, it is important that these companies should be based in the CAV and not be affected by vulture funds. The... [+]

2021-04-13 | Juan Mari Arregi
Euskaltel: incentives for speculation
The MasMovil team will destroy Euskaltel’s jobs and relocate the company. When that time comes, because it will come, its directors will also receive a multimillion-dollar prize. It's a capital law.

2021-04-08 | Juan Mari Arregi
Euskaltel: incentives for speculation
Through the MasMobile group, the jobs of Euskaltel will be destroyed and the company will be relocated. When that time comes, because it will come, its directors will also receive a millionaire prize. It's a capital law.

2020-01-09
Euskaltel launches three executives
The company’s chief financial officer, Jon Ander de las Fuentes, staff director, Nuria Fresko García, and the director of Internal Audit and Compliance, Alberto Santamaría, have been dismissed, according to Naiz.

Euskaltel appointed Xabier Iturbe as president, who played an important role in the privatization of Kutxabank
Iturbe Kutxa was the president of the Gipuzkoan company, when Kutxabank was privatized. He has been Financial Director of Euskaltel and has served as Vice-President of Kutxabank in recent years.

2019-10-08 | ARGIA
Zegona, the operator’s main shareholder, is committed to selling Euskaltel’s fibre optic infrastructure.
In order to settle the debt, the fund with the most shares Euskaltel has advocated selling the fiber network.

By sharing films on P2P networks under the threat of hundreds of Euskaltel customers: Pay EUR 150 or go to court
Hundreds of Euskaltel customers have received a letter in recent weeks: They are asked to pay EUR 150 within five days and they are told that if they do not, they will be taken to court accused of sharing films via P2P networks.

2019-06-12 | ARGIA
Mass dismissal of senior Euskaltel officials following the transfer of the company to the British Zegona
The British fund Zegona became the main shareholder in Euskaltel in April. A week after the opening of the new head post, 20 workers have been dismissed in management positions, so more redundancies could occur. Councillor Arantxa Tapia said in April that the British fund was... [+]

2019-04-10 | ARGIA
Euskaltel at the disposal of a British fund: plans for expansion and risk of job destruction
Zegona has become the main shareholder in Euskaltel, the British fund. The telecommunications company has a share of 20.94% and overcomes Kutxabank, which has a share of 19.8% in the capital of Euskaltel.

2015-07-08 | ARGIA
Euskaltelen kapitalean sartu dira JP Morgan, Goldman Sachs, Morgan Stanley eta Black Rock

Euskaltel burtsaratu ondoren, asteartean jakin da nazioarteko inbertsore handiak hasi direla enpresaren kapitalean sartzen.


Euskalteleko zuzendariak dio burtsara ateratzea “herri proiektua” dela

Asteazkenean atera da burtsara Euskaltel telekomunikazio enpresa eta lehen egunean bere akzioak 5,8 igo dira. Euskaltelek bere kapital sozialaren %63,5a atera du burtsara –80,4 milioi euro– eta goiz hasieran akzioek 9,50 euroren balioa bazuten, egun amaieran 10,05 .


2014-11-19 | ARGIA
ELA: “133 enpleguren azpikontratazioak Euskaltel desegiteko prozesua sendotzen du”

ZTE konpainia txinatar erraldoiaren parte izatera pasako diren Euskalteleko 133 langileen subkontratazioak, "lan eskubideen galera" ekarriko duela salatu du ELA sindikatuak.


Eguneraketa berriak daude