Connect with us

Costa Blanca

Avatel simplifies its structure and integrates 25 companies including Torrevieja TV

TVT

For a number of years, the Avatel corporation has been purchasing telecom businesses in the Valencian Community, including the province of Alicante. Televisión Costablanca SL, a Torrevieja-based corporation that runs TVT Radio, Televisión Vega Baja, and local Televisión Torrevieja (TVT), was one of the last ones it made in Alicante in 2024. Local and regional reference channels. Now, a merger has absorbed this company along with twenty-four others.

By combining these 25 businesses into its parent firm, Avatel Telecom SA, Avatel has streamlined its organisational structure. As a result, the absorbed companies transfer all of their assets and obligations to the parent company in one lump sum and are dissolved without liquidation. It accomplishes this using the 2023 closed balance sheets and the June 28, 2024, approved Joint Merger Project. In particular, it is a special controlled merger in which Avatel actively participates and owns all of the share capital of these 25 companies.

According to the Official Gazette of the Commercial Registry, the group’s parent company has therefore executed a merger by absorption that will serve to combine some of the local operators that it has been purchasing in recent years and whose original firms still had legal individuality. The operator is often acquired by the company, which then appoints its key executives to the board before rebranding the acquired business as Avatel Telecom.

Valle de Almanzora Telecom, I-Way Community, Scan SAT Network, Fibre Optic Malaga, Aireon Telecom, Extremeña de Comunicaciones por cable, Intercable Fibre, Inforcelra, Canal Priego TV, Cloud Fibre, Carthagosat Antennas, Altasis Telecom, Fam P & G Telecom, Opegal Telecomunicacions, Torneonetwork, Puente Genil Telecommunications Services, LC & LC Telecom, New Communication Systems Operator, Televisión Costablanca, Videopaltelecom, Navega Telecom, Avatel Canarias, Avatel Ceuta, Avatel Data, and Holafibra Telecom.

According to a resolution released by the National Commission for Markets and Competition (CNMC) and reported by Europa Press, Avatel was fined 1.81 million euros in February for supplying “inaccurate or erroneous” information regarding its operations in 2023. Avatel was fined 1.81 million euros, however the CNMC applied a 40% discount for acknowledging responsibility and paying in advance, so Avatel ultimately paid 1.08 million euros.

Advertisement

In the resolution, the CNMC clarifies that Avatel supplied “inaccurate,” “erroneous,” or “out of date” information for the agency’s statistical bulletin for 2023, as well as for the sectoral economic report and geographic monitoring of the telecommunications industry for the same year. For instance, Competition notes that according to the data for the second quarter of 2023 that was requested from Avatel in order to include it in the statistical bulletin, the company supplied data that showed the rise of over 60,000 pay-TV subscribers “without any justification” in a single quarter.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Costa Blanca

Two police officers injured by a distracted driver in Santa Pola

According to the official channels of the force, a severe road accident on Avenida del Mediterráneo in Gran Alacant, Santa Pola, has resulted in the injuries of numerous individuals, including two local police officers.

The accident occurred as a result of a distracted driver at the wheel, resulting in the car colliding with the police vehicle.

The images released show the significant impact suffered by the officers’ vehicle, as well as the frontal damage to the other vehicle involved.

No details have been released regarding the severity of the injuries of those involved, although a message of hope for a speedy recovery has been conveyed to the injured.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Costa Blanca

Firefighters rescue driver trapped in car on Torrevieja seafront

Firefighters from the Torrevieja fire station rescued a woman after her vehicle plunged off the seafront promenade at 06:07 this morning; emergency personnel responded with the assistance of the local authorities.

The driver, a 79 year old woman of foreign nationality, was driving the vehicle along the promenade when it was involved in an accident. The vehicle plunged down the embankment, a drop of over half a metre and leads to the rocks in the heart of Torrevieja.

The victim was unable to exit the vehicle independently due to the door being obstructed by the rugged terrain, necessitating the arrival of firefighters to the scene. Medical services treated her for minor injuries following the rescue. Cars are only authorised on the promenade for residents.

The local authorities are currently conducting an investigation into the causes.

Advertisement


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Costa Blanca

Alicante couple arrested for trying to defraud lottery winner out of 40,000€ with a fake 6€ ticket

National Police Car

In Alicante, National Police officers have arrested a 37-year-old man and a 42-year-old woman, who are purportedly involved in fraudulent activities. After successfully deceiving the proprietor into believing that the prize was only €6, the suspects attempted to cash in a lottery ticket valued at €40,000.

A citizen lodged a complaint alleging fraud, which prompted the investigation. She complained that she had acquired a lottery ticket and, the day following the drawing, visited a lottery kiosk to determine whether the ticket was eligible for a prize.

The seller informed her that the system was not functioning properly and that she could verify it using her mobile phone after verifying the ticket with the authorised ticket dispenser (POS). The vendor informed her that the ticket had a prize of six euros when she viewed it on the terminal.

For her part, the victim trusted the provided information and accepted the money without suspecting deception. At the same time, the seller retained the lottery ticket.

A few days later, the complainant discovered that the was infact worth 40,000 euros and that she had been deceived. She returned to the stand where she had checked the ticket to claim her prize, and the seller informed her that she was unaware of this and that she had thrown it in the bin.

Advertisement

Then, she proceeded to the authorised offices of the aforementioned lottery drawings to report the incident. Upon his arrival, she was instructed to submit a complaint regarding the events.

The agents verified that the coupon was indeed a prize after collecting all the information. The saleswoman confirmed on three separate occasions that she had retained the coupon after deceiving the complainant about the prize amount.

The investigation phase also disclosed that the lottery ticket had been attempted to be redeemed by the seller’s ex-partner. However, this was not accomplished due to the fact that the authorised collection offices were aware of the incident and the agents had requested that the payment of the prize be blocked.

The officers were able to corroborate that the seller and the individual who attempted to cash in the winning ticket were both involved in a fraudulent activity as a result of the investigations.

The investigators’ findings confirmed that the two suspects had reached an agreement to collect the winning ticket. They also discovered that the woman, a lottery seller, had deceived them by faking the malfunction of the POS machine and falsely informing the complainant that the prize was six euros.

Advertisement

Following the investigation and the collection of sufficient evidence to establish their involvement in the events, they were apprehended and charged with fraud.

The courts in Alicante were informed of the situation subsequent to the police investigation.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Adverts

Events Calendar

Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1

Adverts

Trending