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Telefonica, Al Jazeera in Digital+ talks - report

Tuesday 7 April 2015 | 15:04 CET | News
Telefonica is prepared to sell a 50 percent stake in Digital+ to Al Jazeera to ease regulatory concerns about its proposed takeover of the Spanish pay-TV platform, reports website El Confidencial.  In May Telefonica announced that it had agreed to purchase the 56 percent stake in Digital+ owned by Prisa for EUR 750 million before subsequently agreeing to acquire Mediaset's 22 percent stake in Digital+ for an initial EUR 295 million. However, Spain's communications regulator CNMC has yet to approve the deal and recent reports have suggested that the regulator is likely to impose strict

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Categories: Broadcast & Satellite
Companies: Al Jazeera / Digital+ / Movistar / Prisa / Telefonica
Countries: Spain
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