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Mediaset to spin off Premium pay-TV business on 01 Dec

Friday 14 November 2014 | 10:50 CET | News
Italian broadcaster Mediaset has announced that it will spin off its pay-TV business Mediaset Premium on 01 December. The company will have 267 employees and will remain under the direction of Franco Ricci, who has been appointed Mediaset Premium CEO. Mediaset also confirmed that Telefonica's acquisition of an 11.1 percent stake in the new company will be formalised in December. Telefonica acquired the stake in Mediaset Premium for EUR 100 million in July, shortly after completing its acquisition of Mediaset's 22 percent stake in Spanish pay-TV platform Digital+ for an initial EUR 295

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Categories: Broadcast & Satellite
Companies: Mediaset / Telefonica
Countries: Italy
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