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Spanish Cable Operator Telecable may soon be Acquired

Telecable

The Spanish cable operator Telecable has hired  Goldman Sachs to advise it on the possible sale of its controlling stake in the company (as Reported by Reuters).  U.S.-based Carlyle acquired an 85% share in Telecable, which is based in the Asturias region of Spain, in October 2011 in a deal that valued the company at €400 million.

 

Several small telecoms firms offer services in the area, which analysts and bankers say are ripe for consolidation after a round of mergers among bigger operators in the country.

Reuters says that Carlyle and Goldman both declined to comment.