Telecommunications, Media and Technology investor Zegona is selling its Spanish quad-play cable business Telecable to Euskaltel for a total value of up to €701 million, comprising an Enterprise Value of €686 million and up to €15 million deferred payment. The Enterprise Value consideration includes €186.5 million cash and 26.8 milion shares in Euskaltel (15 per cent ownership).

Source: Euskaltel acquires Telecable for €701m |

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