New Street: Spanish telcos: EKT / Virgin launch in Spain; unhelpful narrative but right to win unclear
Euskaltel presented its nationwide expansion plan in Bilbao today, incorporating the new Virgin brand. Launch is set for Q2 and we await final details of the offering, although we infer ARPU of ~EUR53 and a mid-range launch.Euskaltel SA is a Spain-based company engaged in the provision of integrated telecommunication services. The Company's activities are divided into three segments: Residential, Business, as well as Wholesale and Other. The Residential segment provides fixed and mobile telecommunication services, broadband and wireless Internet, as well as digital television (TV) as a single service and in packages. The Business division primarily offers fixed and mobile telephony, as well as Internet access for enterprises. The Wholesale and Other area serves wholesale customers and is responsible for the delivery of communication services, such as infrastructure leasing, information technology (IT) outsourcing, as well as sell of installation material and electronics. The Company operates in the Basque Country, Spain.
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