July 30, 2014 7:39 PM ET

Diversified Telecommunication Services

Company Overview of Euskaltel, S.A.

Company Overview

Euskaltel, S.A., a broadband telecommunications operator, provides fixed and mobile telephone, Internet, and cable television services in Spain. Its offers landline telephone connections, mobile telephone connections: GSM/UMTS/HScPA, (MVNO), interactive service TV over the CATV network, Internet access (cable modem, ADSL), wireless access to high speed Internet (WiFi/WiMAX), and data services. It offers product and services to residential users and companies. The company was incorporated in 1982 and is based in Bizkaia, Spain.

Parque Tecnológico Edificio 809

Derio

Bizkaia,  48160

Spain

Founded in 1982

Phone:

34 94 401 10 00

Fax:

34 94 401 10 49

Key Executives for Euskaltel, S.A.

Chief Executive Officer and Director
Chief Financial Officer and Controller
Chief Operating Officer
Chief Administrative Officer
Director División Negocio Empresa
Compensation as of Fiscal Year 2014.

Euskaltel, S.A. Key Developments

Euskaltel and Unions Reach Agreement on Outsourcing Plan

Euskaltel and trade unions representatives have reached a preliminary agreement on the working conditions of workers affected by the outsourcing process carried out by the Basque operator. Employees affected by the outsourcing plan will vote for or against this draft agreement on April 16, 2014. Unions estimate that around 140 employees will be affected by Euskaltel's outsourcing plan.

Euskaltel Employees Stage Protest at Shareholder Bank

Euskaltel held a protest on 30 December against plans for lay-offs at the company. Unions reported that the operator plans to outsource its Systems unit, which will lead to around two-thirds of the unit's staff or 40 employees being laid off. The protest started at the headquarters of Kuxtabank, a shareholder in Euskaltel, which the unions say has refused to gurantee employment at the operator. They maintain that the bank aims to break up the company and sell it.

Euskaltel Faces First Strike on December 17, 2013

Euskaltel is due to face the first strike in its 15 year history on 17 December 2013. The trade unions CCOO and ELA have called on around 550 Euskaltel workers to strike against plans to outsource the systems unit, which the unions said would result in the dismissal of 40 workers. Euskaltel management described the strike as disproportionate and gave assurances that it would guarantee employment in the Basque Country through its partnerships with companies in the sector.

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