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General

EC to allow CNMC to probe Telefonica, Digital+ deal - report

Tuesday 2 September 2014 | 15:35 CET | News
The EC will allow Spain's telecoms regulator CNMC to rule on Telefonica's proposed takeover of Spanish pay-TV platform Digital+, reports El Economista. According to sources close to the matter, Telefonica sent a dossier to the EC's competition authority on 17 July setting out the reasons why it believed the approval should be left to the Spanish regulator and on 25 August the EC gave the green light to the operator's petition. Last month Telefonica announced the purchase of the 56 percent stake in Digital+ owned by Prisa for EUR 750 million to raise its stake in the broadcaster to 78 percent.

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Categories: General
Companies: Digital+ / Mediaset / Prisa / Telefonica / Vodafone Spain
Countries: Spain
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