World Library  
Flag as Inappropriate
Email this Article

R (cable operator)

Article Id: WHEBN0008283659
Reproduction Date:

Title: R (cable operator)  
Author: World Heritage Encyclopedia
Language: English
Subject: Fox (Spain), V Televisión, ETB Sat, Pepephone, Simyo
Collection: Cable Television Companies of Spain, Companies Based in Galicia
Publisher: World Heritage Encyclopedia
Publication
Date:
 

R (cable operator)

R Cable y Telecommunications Galicia, S.A.
Type Sociedad Anónima
Traded as R
Industry Telecommunications, Media
Founded A Coruña, Spain (1999 (1999))
Headquarters A Coruña, Spain
Area served Galicia
Key people Arturo Dopico, CEO
Services Digital television, broadband Internet, fixed-line telephone, mobile telephony
Owners CVC Capital Partners
Employees 200 (2010)
Website .galmundo-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.

Contents

  • History 1
  • Services 2
  • Corporate affairs 3
  • Gallery 4
  • See also 5
  • Notes 6
  • References 7
  • External links 8

History

In 1998, when the telecommunication industry was liberalized, Galicia, Spain adjudicated 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.. The two group companies would later merge to form R Cable y Telecomunicaciones Galicia,[1] S.A. when the demarcations were consolidated administratively.

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. 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.

Corporate affairs

R has had numerous changes in ownership, including 25 major shareholding exchanges. 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.

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". In February 2014, CVC acquired the remaining 30% of the stock from NCG Banco.[4][5]

Gallery

See also

  • Euskaltel — Basque telecommunications company
  • Telecable — Asturian telecommunications company

Notes

  1. ^ The Internet speed packages listed are for download rates. Upload rates are a smaller fractions.

References

  1. ^ a b "CVC Capital Partners - Current Portfolio". Cvc.com. Retrieved 2014-03-25. 
  2. ^ Tobin, Paul (2010-04-14). "CVC Acquires 35% Stake in Spanish Regional Cable Operator R". Bloomberg. Retrieved 2014-03-25. 
  3. ^ "CVC exercises option to raise R stake to 70 percent". Telecompaper. Retrieved 2014-03-25. 
  4. ^ "Asociación Española de Entidades de Capital Riesgo" (in Spanish). Ascri. Retrieved 2014-03-25. 
  5. ^ https://www.rbccm.com/communications/file-657838.pdf

External links

  • Official website (Galician)
  • R cable portfolio at CVC Capital Partners
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from Hawaii eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.