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 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.