This article needs additional citations for
verification. (March 2014) |
R | |
Formerly | R Cable y Telecomunicaciones Galicia, S.A. |
Company type | Sociedad anónima unipersonal |
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 as MVNO |
Owner | Euskaltel, S.A. |
Number of employees | 200 [ citation needed] |
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.
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.
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 3Mbit/s to 100Mbit/s. [note 1] R was one of first operators to offer 100 Mbit/s asymmetric speeds in Spain.[ 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]
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][ better source needed] In November 2015, Euskaltel acquired R.