Parlem reorganizes its management and the founder assumes government management after the departure of the CEO | Companies | EUROtoday

Parlem Telecom has introduced a direct restructuring of its administration management in a vital section of its integration with the operator Avatel. Xavier Capellades has resigned as CEO of the Catalan operator citing private causes, which has led to the return of the corporate’s founder, Ernest Pérez-Mas, to direct government administration.

The board of administrators of the Catalan operator, which is listed on the BME Growth market, has ratified the appointment of Pérez-Mas as government president. As reported by the corporate by means of a press release despatched to the market, the supervisor resumes “general powers and direct management responsibilities”, reversing the non-executive position that he had held since June 2024. At that point, Pérez-Mas stepped apart to give attention to long-term technique and company relationships, coinciding with a interval through which the agency recorded internet losses of 6.4 million euros.

This transition happens only a month after different related departures from the agency’s governing physique. The administrators linked to the Inveready Evergreen fund, in addition to Roger Piqué Pujuan, companion of stated administration firm, left their positions in a context of inside overview and preparation for the change of shareholder management. Currently, Parlem’s board of administrators is decreased to 4 members: Ernest Pérez-Mas, Albert Buxadé Herrera, Carme Hortalà Vallvé and the illustration of the Ona Capital Privat fund by means of Oriol Lobo Baquer.

Parlem’s administration has framed this modification in a brand new operational technique that seeks to simplify the group and speed up money circulate era. The firm’s roadmap now prioritizes inside effectivity and the agility of its administration groups to face the merger course of with Avatel’s belongings within the Mediterranean space. The firm has indicated that the optimization of processes and the deployment of technological options are elementary pillars for this stage of consolidation.

A central factor on this restructuring is the plan known as MireIA. The operator seeks to rework itself into an “agent company” by implementing synthetic intelligence in its companies and inside processes.

Integration with Avatel

The motion within the directive coincides with the method of due diligence for the combination with Avatel, an operation that may rework the capital construction of the Catalan agency. According to the binding phrases accredited final December, Parlem will take up Avatel’s enterprise in Catalonia, the Balearic Islands and the Levant, together with the corporate Fibracat Telecom and numerous working contracts. In change for the switch of those belongings, the nationwide operator Avatel will management 50.01% of Parlem’s capital.

The transaction can be executed by means of a capital improve by means of a non-monetary contribution. The reference valuation for capital (fairness worth) of Parlem has been set at 84.4 million euros, which is equal to a value of 4.25 euros per share. Under these phrases, the share change that may give management to Avatel is valued at 42.2 million euros. Although the pre-agreement was closed on the finish of final yr, the events count on that the ultimate resolution and closure of the operation will happen as of June, after reviewing particular factors of the contract as soon as the authorized and monetary audit is concluded.

In phrases of monetary influence, Parlem tasks that the combination of Avatel’s belongings will present extra turnover of greater than 20 million euros yearly. The firm’s forecasts point out that operational synergies will generate between 3.5 and 4.5 million euros per yr over a five-year horizon. With these figures, the Catalan operator estimates to realize a complete turnover of greater than 70 million euros and a gross working end result (ebitda) of 14 million euros in 2026.

One of the speedy operational advantages of the operation is Parlem’s entry to the wholesale contract that Avatel maintains with MasOrange. This integration will permit the Catalan operator to function underneath extra aggressive community rental situations than the present ones, which in accordance with the corporate will positively influence its revenue margins and operational profitability.

Although Avatel will assume majority management of the property, the governance agreements stipulate that the present administration construction would stay, with Pérez-Mas main the presidency. The authentic settlement additionally contemplated the permanence of Capellades as CEO, a place that’s now vacant and whose features are assumed by Pérez-Mas himself. The events have additionally agreed to determine strengthened majorities for making vital strategic selections, guaranteeing a steadiness of powers within the new group.

This maneuver is the primary main company transfer made by Avatel after the modifications in its personal shareholding, which highlights the entry of funds akin to Inveready, led by Josep María Echarri. Inveready can also be a number one investor in Parlem, which facilitates the strategic match between each operators.

On the latest monetary entrance, the Parlem group ended the primary half of 2025 with revenues of 25.47 million euros, which represents a rise of three.52% in comparison with the identical interval of the earlier yr. The operator’s buyer base stood at 258,000 subscribers on the finish of June, whereas its recurring Ebitda amounted to 2.67 million euros, 7.9% greater than within the earlier yr.