Open Cable reaches No 3 in Spain
Juan Fernandez Gonzalez | 17-02-2014
Open Cable Telecomunicaciones has become Spain's third largest cable operator after Telefónica and ONO. The company, founded by six local operators, has been joined by 41 new local firms, extending its coverage throughout the whole country.
According to Antonio Ramón Guilabert, the company's CEO, quoted in the financial newspaper CincoDías, Open Cable "has been transformed to become the country's third operator by coverage". The regional cable operators Telecable, R and Euskaltel, which have a large client base in their areas, were not considered for this ranking, as they don't cover the entire Spanish territory.
Open Cable was founded by Crevision, TV Almansa, Tele Elda, Telecable Jumilla, Triunfa Telecomunicación de Arnedo and Tele Novelda, and is currently offering TV and Internet in 200 cities, invoicing nearly €50 million per year. Among the 47 local operators, Open Cable has over 500,000 clients.
The company targets rural areas and the smallest cities, specifically aiming to offer services through 4G LTE. "We are the perfect candidate to solve the market deficiencies in the country's less populated areas," said Guilabert, "thanks to our mobile network, we will be able to offer very competitive services packages."
Open Cable's business model is untested in Spain. Every member is independent and all of them share a common infrastructure in Madrid from where the network is managed by Open Cable while every local partner is responsible of invoicing the services to the client.