R (cable operator)

In 1998, when the telecommunication industry was liberalized,{{technical inline|date=March 2014|reason=technical term?}} Galicia, Spain adjudicated{{technical inline|date=March 2014|reason=technical term?}} 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|date=March 2014}} The two group companies would later merge to form R Cable y Telecomunicaciones Galicia, S.A. when the demarcations were consolidated administratively.{{citation needed|date=March 2014}}

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.

In July 2015, Euskaltel made a purchase offer of 1.155 billion euros, which was later increased to 1.190 billion euros in October 2015, when the sales agreement was signed.{{Cite web |last=EFE |publisher=Cinco Días |date=2015-10-06 |title=Euskaltel cierra la compra de R por 1.190 millones |url=https://cincodias.elpais.com/cincodias/2015/10/06/empresas/1444108805_648072.html |access-date=2024-08-27 |language=es}}{{Cite web |date=2015-11-27 |title=Euskatel completa la compra de R Cable y crea la primera "teleco" del norte de España |url=https://www.abc.es/economia/abci-euskatel-completa-compra-cable-y-crea-primera-teleco-norte-espana-201511271731_noticia.html |access-date=2024-08-27 |website=Diario ABC |language=es}}

In 2019, following Euskaltel's acquisition of R (R Cable y Telecomunicaciones Galicia, S.A.U.) and Telecable (Telecable de Asturias, S.A.U.), the former merged with the latter through absorption, forming a new company named R Cable y Telecable Telecomunicaciones, S.A.U.{{Cite web |date=2020-10-02 |title=DECLARACIÓN AMBIENTAL 2019 R CABLE Y TELECABLE TELECOMUNICACIONES, S.A.U. |url=https://estatico.mundo-r.com/doc/Declaracion_ambiental_2019_es.pdf |access-date=2024-08-27 |website=estatico.mundo-r.com}}

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 cable reception system. For Internet service, R offers various speed packages from 3 Mbit/s to 100 Mbit/s.The Internet speed packages listed are for download rates. Upload rates are a smaller fractions. R was one of first operators to offer 100 Mbit/s asymmetric speeds in Spain.{{citation needed|date=March 2014|reason=need news source for this information}} 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|date=March 2014|reason=need news source for this information}}

R has had numerous changes in ownership, including 25 major shareholding exchanges.{{citation needed|date=March 2014|reason=need news source for this figure}} 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|date=March 2014|reason=need news source for this transaction}}

In April 2010, British private equity firm CVC Capital Partners acquired a 35% stake in R.{{cite web|url=http://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=1801009124101 |title=CVC Capital Partners - Current Portfolio |publisher=Cvc.com |access-date=2014-03-25}}{{cite web|last=Tobin |first=Paul |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=axvQwu5so14s |title=CVC Acquires 35% Stake in Spanish Regional Cable Operator R |publisher=Bloomberg News |date=2010-04-14 |access-date=2014-03-25}} In November, CVC exercised an option to increase its stake to 70%{{cite web|url=http://www.telecompaper.com/news/cvc-exercises-option-to-raise-r-stake-to-70-percent--768310 |title=CVC exercises option to raise R stake to 70 percent |publisher=Telecompaper |access-date=2014-03-25}} 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".{{request quotation|date=March 2014|reason=need article with this quote}} In February 2014, CVC acquired the remaining 30% of the stock from NCG Banco.{{cite web|url=http://www.ascri.org/noticia.php?seccion=3&subseccion=1&ID_NOTICIA=6982&busc_palabra=&busc_mes=&busc_anio= |title=Asociación Española de Entidades de Capital Riesgo |publisher=Ascri | language = es |access-date=2014-03-25}}{{cite web |url=https://www.rbccm.com/communications/file-657838.pdf |archive-url=https://web.archive.org/web/20140325191258/https://www.rbccm.com/communications/file-657838.pdf |publisher=RBC Capital Markets |title=The CME Monthly Index |archive-date=25 March 2014 |date=3 March 2014}}{{better source needed|date=March 2014|reason=someone's portfolio news}} In November 2015, Euskaltel acquired R.

Image:TelefonoR.jpg|A Mundo-R telephone booth in Vigo.

• Cogent Communications
• Euskaltel – Basque telecommunications company, owner of R
• Tata Communications
• Telecable – Asturian telecommunications company, also subsidiary of Euskaltel

{{Reflist|group="note"}}

{{Reflist}}

• {{Official website|http://mundo-r.com}} {{in lang|es}}
• [http://www.cvc.com/our-portfolio.htmx?ordertype=0&itemid=1801009124101 R cable portfolio] at CVC Capital Partners

{{Spanish mobile operators}}

{{Spanish television stations}}

{{Authority control}}

Category:Cable television companies of Spain

Category:Companies based in Galicia (Spain)

Category:CVC Capital Partners companies