R was launched in 1999 and become profitable in 2005. Despite tough market conditions, the company managed to grow revenues eight per cent during 2009, reporting EBITDA of €93m and a net profit of €22.88m. R has invested more than €720m in a new fibre network in Galicia and offers 100 Mbps broadband services to more than 60 per cent of the areas where its fibre network has been built out. Due to the localised nature of this company, management and ownership CVC has promised to keep the same structure and headquarters in Galicia, investing 330m euros in developing R services across the region but is also planning to invest 1,500m more in expanding R services to other geographic areas outside Galicia, like Portugal.