CMT suspends RTVE tax payment for Vodafone, Telefonica

Thursday 19 January 2012 | 10:34 CET | News
Spanish telecoms regulator CMT has accepted the requests of mobile operator Telefonica and Vodafone to postpone payment of an additional EUR 40 million to fund public broadcaster RTVE, Cinco Dias reports. Under the new funding system, to compensate for phasing out advertising at RTVE, telecommunications operators should contribute 0.9 percent of their gro¬ss revenue to financing public broadcaster RTVE. The system also includes a 3 percent tax on free-to-air commercial broadcasters' revenues, and 1.5 percent on pay-TV operators. The payment of EUR 40 million will be suspended until the

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Categories: Broadcast & Satellite
Companies: RTVE / Telefonica- Movistar / Vodafone
Countries: Spain
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