The Catalan company Parlem Telecom is resorting to a restructuring expert to facilitate negotiations with its creditors. As the company communicated this Wednesday to BME Growth (the SME stock exchange), the move comes after, in separate proceedings, both the company itself and several creditors requested the Barcelona Court of First Instance, Commercial Section, to appoint an independent figure to find a way to deal with existing short-term debts. The firm tasked with carrying out the work, as designated by the court, will be AGM Administracions Concursals i Reestructuracions, which had been proposed by the company, not by the creditors, who preferred another agent. Sources close to the Catalan company have welcomed the fact that the third parties' proposal has been rejected.

New plot twist in the future of Parlem Telecom. One month after the non-integration with Avatel, a series of debts amounting to 16.6 million euros loom over the Catalan telecom operator. Specifically, as read from the annual results provided by the company to the BME Growth, various credits made by Inveready – investor fund owner of Avatel and shareholder of Parlem – and its main holder, Josep Maria Echarri, have moved to short-term maturity after various financial ratios established in the financing contracts (covenants) were breached during the previous fiscal year. “There is a short-term liquidity risk,” acknowledges the auditor in the annual accounts presented this Thursday.

A plot twist at the Catalan telecommunications company Parlem. The company's CEO, Xavier Capellades, has resigned, and Parlem's president and founder, Ernest Pérez-Mas, will resume executive functions and replace him. This change—which the company says is for personal reasons and by mutual agreement—comes amidst negotiations with Avatel for a possible merger, a preliminary agreement that was made public in December and was currently undergoing due diligence.due diligenceSources close to the negotiations explained to ARA that the talks with Inveready—Avatel's main shareholder, with approximately 50% of the capital—had become "complicated," as the initial agreement stipulated that Hablem would acquire Avatel's infrastructure and clients in exchange for Hablem's shares. This arrangement was not to everyone's liking. Back to the origin

Xavier Capellades obtained the position of CEO of the telecom in June 2024, but had already been part of Parlem's management team since 2023. Furthermore, although Ernest Pérez-Mas had stepped down from top executive roles, he is "very involved" in the negotiations with Avatel, and it is "normal that he wants to lead this process again," as.

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