R (cable operator)
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| Company type | Sociedad Anónima |
|---|---|
| R | |
| 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 |
| Owner | CVC Capital Partners |
Number of employees | 200 (2010) |
| 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
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.
Services
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|DVB-C cable reception system]]. For Internet service, R offers various speed packages from 3Mbit/s to 100Mbit/s.[note 1] R was the first operator in Spain to offer 100 Mbit/s speeds.[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
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][2] In November, CVC exercised an option to increase its stake to 70%[3] 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.[4][5]
Gallery
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A Mundo-R telephone booth in Vigo.
See also
Notes
- ^ The Internet speed packages listed are for download rates. Upload rates are a smaller fractions.
References
- ^ a b "CVC Capital Partners - Current Portfolio". Cvc.com. Retrieved 25 March 2014.
- ^ Tobin, Paul (14 April 2010). "CVC Acquires 35% Stake in Spanish Regional Cable Operator R". Bloomberg. 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.
- ^ https://www.rbccm.com/communications/file-657838.pdf[better source needed]
External links
- Official website Template:Gl icon
- R cable portfolio at CVC Capital Partners
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