Euskaltel joins the IBEX Medium Cap® Index today

  • This promotion in the IBEX listings situates the telecoms group among the 20 securities with the largest market capitalization quoted on the Spanish stock exchange, excluding IBEX 35.

Bilbao, December 23, 2019. Today, December 23, Euskaltel joins the IBEX MEDIUM CAP® index, as the Technical Assessment Committee decided at its December 12 review.

Thus, the telecoms group comes to form part of the 20 companies with the largest capitalization adjusted for floating capital quoted on the index that are compliant with liquidity ratio requirements, excluding Ibex 35 securities.

The Euskaltel Group inclusion in the IBEX MEDIUM CAP® index reflects the good stock behavior of Euskaltel in 2019, the market capitalization of which has grown by over 30% throughout the business year.

In its income for the third quarter of 2019, the company reflected client and profitability growth, confirming the start of the change in tendency logged during the previous quarter, with an increase of 2.8% in EBITDA and 8.1% in cash flow as compared with the previous quarter, and an increase of value customers in homes and companies. Group customers already exceed 785,000, with 2.83 million services subscribed, which represented an increase of 6,000 new contracts during the last quarter.

Recently, the company announced the renovation and improvement of its wholesale agreements, laying the foundations projected in the Euskaltel Group roadmap for its next national expansion.

Euskaltel - Communications
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