Euskaltel ends 2006 with net profits up 35%

5 Jan 2007

Basque telecoms operator Euskaltel has reported a 35% rise in net profit to EUR32.5 million (USD42.7 million). The growth in profits was due in part to a 6% rise in earnings, which climbed to EUR333 million. The figures give Euskaltel a 27% share of the Basque telecommunications market, where – according to its own data – it leads the broadband sector with a 44% market share and 146,000 customers. The operator claims 380,000 lines in service and 327,000 fixed-line telephony customers, in addition to 46,700 digital TV subscribers.

Spain, Euskaltel Group (incl. R Cable and Telecable)