R (cable operator)
Sociedad Anónima | |
Traded as | 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.
Contents
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
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- ↑ https://www.rbccm.com/communications/file-657838.pdf[better source needed]
External links
- Official website (Galician)
- R cable portfolio at CVC Capital Partners
- Articles lacking reliable references from March 2014
- Use dmy dates from September 2013
- Pages using infobox company with unsupported parameters
- All articles that are too technical
- Wikipedia articles that are too technical from March 2014
- Articles needing expert attention from March 2014
- Articles with unsourced statements from March 2014
- Wikipedia articles needing factual verification from March 2014
- Official website not in Wikidata
- Articles with Galician-language external links
- Cable television companies of Spain
- Companies based in Galicia