The story
In 1998, when the telecommunication industry was liberalized, Galicia, Spain adjudicated a contest to deploy wire in the area. At stake in the contest were three territorial demarcations: A Coruña, Santiago de Compostela and the rest of Galicia. The contracts for the three demarcations were won by the Galician Group of Companies for the Wire, Group Wire S.A. The two group companies would later merge to form R Cable y Telecomunicaciones Galicia, S.A. when the demarcations were consolidated administratively.
During 2006, R expanded its geographic operations, offering direct access services to small areas in Galicia such as Monforte de Lemos, Sarria, Sada, O Porriño and A Laracha. R also established agreements with other municipal councils like Xove, Burela, Vilalba, Ribadeo and Viveiro.
In July 2015, Euskaltel made a purchase offer of 1.155 billion euros, which was later increased to 1.190 billion euros in October 2015, when the sales agreement was signed.
In 2019, following Euskaltel's acquisition of R (R Cable y Telecomunicaciones Galicia, S.A.U.) and Telecable (Telecable de Asturias, S.A.U.), the former merged with the latter through absorption, forming a new company named R Cable y Telecable Telecomunicaciones, S.A.U.
From Wikipedia’s article on R (cable operator), shared under CC BY-SA 4.0.4