Zegona Communications has reached agreement with global alternative asset manager The Carlyle Group and Liberbank to acquire Telecable de Asturias S.A. the leading quad play telecommunications operator in Asturias, North West Spain, for an enterprise value of 640m euros. Zegona will fund the acquisition with a combination of Â£251m of new equity, backed by global institutional investors, funds from Zegona's recent IPO and a new debt facility arranged by Goldman Sachs. The transaction is expected to close by mid- August 2015.
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