(Telecompaper) Spanish regional cable operator Euskaltel has announced plans to list its shares on the Madrid stock exchange later this year. Euskaltel, operating in the Basque Country, said its current shareholders savings bank Kutxabank, utility Iberdrola and investment firm International Cable will sell existing shares in an IPO jointly coordinated by JP Morgan and UBS. Unnamed sources cited by Reuters suggested that the operator was seeking to interest international investors by listing around 50 percent of the company and that Euskaltel shares are expected to start trading at the end of July.