Avatel problems accumulate. The situation that this operator is currently going through is not the best. It has gone from being a revolutionary asset for the telecos sector to being a company that is for sale. And not only this, but now we know that it has received a sanction from the National Commission of Markets and Competition (CNMC) of almost 2 million euros.
Nor public aid have served this company to continue expanding within the rural fiber market in Spain. To all this we must add the fine he receives from the CNMC by not having provided the information demanded by the commission within the planned period and, above all, because it was not attached precisely.
Fine of 1.81 million euros of the CNMC
Avatel will have to deal with the sanction of 1.81 million euros imposed by the CNMC. The reason? Do not provide the information that was requested within the period and in the precise way. Now, even if at the beginning the sum was almost two million euros, the operator gets a reduction of up to 40 % after the recognition of responsibility and also for having paid in advance. So it has really had to face the payment of a fine of 1.08 million euros.
Among the reasons why Teleco has been sanctioned on this occasion up to 6 serious infractions. To be more exact, Avatel came to give data that were not correct to prepare different reports: quarterly statistical bulletins of 2023, 2023 geographical monitoring report and 2023 sectorial economic report of 2023. In addition to being provided outside the deadline.
And because of this, the CNMC had to publish different newsletters without the data of this company, as well as the geographical monitoring report of two years ago. This situation ended up causing the usual supervision carried out by this commission to be done in the correct way, hence this operator was decided.
For sale, but without success
Of being an alleged revulsive for the telecos market to be for sale. Thus, the screws have changed for this operator. And the worst is not this, but after a search time, the truth is that it fails to find a buyer. Without counting his current contract with Elanta, something that not every operator who is considered large comes to need.
To have a little more context, we must mention that, in 2022, he closed a pre -agreement with Lyntia Access to buy it for 1,000 million euros. But, they failed to have the necessary liquidity, so the pact was diluted. Therefore, since the beginning of last year, it was put on sale for a value of 600 million. However, despite the different interested in Buy Avatel, no agreement has been closed.
Debts also accumulate over time. As the company has already recognized, he adds long -term debts that exceed the value of 400 million euros. So it is a ballast for the operator.
In addition, it must be borne in mind that in recent times it has been one of the telecos that have benefited the most of European funds and public aid of the State. For example, thanks to the single broad and unique band plans, Avatel came to receive more than 260 million euros between 2022 and 2023. And not only this, but also received his first subsidy back in the year 2021. Since then, since then, since, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then, since then They have received more than 300 million euros in aid. A series of aids that occurred for the deployment of rural broadband, but that is something that did not end as such. So the set of this series of problems makes the situation for this operator more tense than ever.
