Euskaltel at a glance

Euskaltel is the leading Spanish telecom operator in the North of Spain through its brands Euskaltel in the Basque Country, R in Galicia and Telecable in Asturias. Furthermore, since May 2020 it operates nationally through its new brand Virgin telco.

The Company is in operation since more than 25 years ago and offers advanced services of broadband, fixed, mobile and pay TV through its owned network covering more than 2.5 million households in its traditional regions and, additionally, through wholesale agreements with third party operators which allow to offer its services to a total of more than 23 million households nationally.

At the end of 2020, the Group had a total of 840k customers, both in residential and B2B segments.

The Company has a headcount of more than 580 people and is listed in the Spanish Stock Exchange since July 2015.

 
 
Euskaltel at a glance

Euskaltel is the leading Spanish telecom operator in the North of Spain through its brands Euskaltel in the Basque Country, R in Galicia and Telecable in Asturias. Furthermore, since May 2020 it operates nationally through its new brand Virgin telco.

The Company is in operation since more than 25 years ago and offers advanced services of broadband, fixed, mobile and pay TV through its owned network covering more than 2.5 million households in its traditional regions and, additionally, through wholesale agreements with third party operators which allow to offer its services to a total of more than 23 million households nationally.

At the end of 2020, the Group had a total of 840k customers, both in residential and B2B segments.

The Company has a headcount of more than 580 people and is listed in the Spanish Stock Exchange since July 2015.


 
Share Data
15/10/2021
Market Madrid
Symbol EKT
ISIN ES0105075008
Industry Cable Communications Services
Previous Close 10.94
Change (%) 0.00
Volume 0
Number of Shares 178,645,360
Market Cap (mil) 1,954.38
 
Share Data
15/10/2021
Market Madrid
Symbol EKT
ISIN ES0105075008
Industry Cable Communications
Services
Previous Close 10.94
Change (%) 0.00
Volume 0
Number of Shares 178,645,360
Market Cap (mil) 1,954.38

Key financials (million EUR) FY20 FY19
Total Revenue

697.1

685.5
  Mass Market 548.2 542.1
  Business 114.5 110.9
  Wholesale & Others 34.4 32.5
EBITDA 1) 342.8 344.5
EBITDA margin 49.2% 50.3%
Profit for the period 79.4 62.0
Total assets 2,954.80 2,917.30
Equity 1,009.2 982.0
Capital expenditures 178.3 154.3
Operational Free Cash Flow 164.5 190.3
Conversion rate 47.98% 55.20%
Net Financial Debt 1,454.80 1,486.30
Net Debt / Ebitda 2) 4.20x 4.21x

1) Non-recurrent extraordinary or exceptional expenses excluded, along with costs related to the integration process.
2) Based on Euskaltel Group adjusted annual EBITDA plus 100% of synergy.


Key Performance Indicators (Mass Market)
 
 
Key Performance Indicators (Mass Market)
 
 
 
Xabier Iturbe
Non-executive chairperson

Xabier Iturbe has a degree in Economics and Business Studies from Deusto University and an MBA with a finance speciality from the Stern School of Business at New York University. He has held management positions in leading companies in both the telecommunications and finance industries and for more than 10 years he has held top-level positions on the Boards of Directors of different entities and institutions representing the Basque Country (Chairman, Vice-Chairman, member, board member, etc.), and different sectors (finance, technology, foundations, etc.). This has given him excellent knowledge of the wider telecommunications industry, of Euskaltel, and of the financial world, as well as experience in coordinating and managing complex Boards of Directors. Mr. Iturbe is also very knowledgeable about the Basque Country and its institutions. Over the years, he has developed an international vision because of his education in the United States and his professional links to financial institutions and within Euskaltel itself. He has regularly taken part in and coordinated teams whose purpose was to define the strategic position of the companies and entities he has served and continues to serve.

Meinrad Spenger
CEO

Meinrad Spenger, born in Knittelfeld (Austria), is the founder and CEO of Grupo MASMOVIL, the fourth largest telecommunications operator in Spain, offering fixed telephony, mobile, broadband internet and TV services to residential, business and operator customers through its main brands: Yoigo, MASMOVIL, Pepephone, Lebara, Lyca and Llamaya.

Based in Madrid for more than 15 years, he trained as a carpenter and holds a law degree from the Universities of Graz (Austria) and Trieste (Italy). He also studied for an MBA at the Instituto de Empresa (I.E.) in Madrid and at the SDA Bocconi School of Management in Milan.

"Meini", as he likes to be called, worked for five years as a consultant at McKinsey & Company, developing projects in several European countries such as Austria, Germany, Italy and Spain. In 2006 he decided to found MASMOVIL with the intention to offer telecommunication services at an attractive price and with the best customer service.

After overcoming the typical challenges of a start-up in the first 7 years, MASMOVIL acquired companies such as Ibercom, Xtra Telecom, Pepephone, Yoigo, and later, Llamaya, Lebara, and Lyca and became the fastest growing operator in Spain and a solid fourth telecommunications operator in the market, with its own fixed and mobile infrastructures.

After a successful period on the Mercado Alternativo Bursátil (MAB), MASMOVIL debuted on the Official Stock Exchange on 14 July 2017, and in June 2019 made its entry into the largest Spanish index, the IBEX 35. Following a successful takeover bid valued at €5,000M launched jointly by the CINVEN, Providence and KKR funds, MASMOVIL was delisted from the stock exchange in November 2020, becoming a private company.

Today, and in approximate figures, MASMOVIL has more than 1,000 employees, 12 million mobile and broadband services, more than €2,000M in revenues and more than €600M in EBITDA, more than 26 million homes available with fibre optic and its customers are the most satisfied in the market.

The company

The Euskaltel Group is one of Spain's main telecommunications companies providing a comprehensive response to the communication needs of individuals, institutions and companies. Its brands, Euskaltel in the Basque Country, R in Galicia and Telecable in Asturias, have been operating on the market for over 25 years and are leaders in fibre optic and convergent telecommunications services in their respective regions, maintaining strong local involvement through technological, cultural and social development activities.

Furthermore, this year the Group has launched its expansion strategy through the Virgin telco brand to reach the entire Spanish market and offer high-speed broadband, mobile telecommunications with ample data allowances and a solid TV offering to 20 million homes.

The company provides ICT solutions to cover its residential and business customers' full communication cycle with a wide range of technological services including Internet, fixed-line and mobile phones, digital TV and broadband, digital transformation processes, IoT (the Internet of Things) solutions, Big Data, Artifical Intelligence, technology for Smart Cities and Industry 4.0.