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Telefonica bids EUR 725 mln for controlling Digital+ stake

Wednesday 7 May 2014 | 09:09 CET | News
Telefonica has informed Spain's market regulator CNMV that it has made a EUR 725 million binding bid for the controlling 56 percent stake in Spanish pay-TV platform Digital+ held by local media group Prisa. Telefonica already owns 22 percent of Digital+, while the remaining 22 percent is in the hands of Italian broadcaster Mediaset. The deal is pending regulatory approval but if it goes through Telefonica would acquire a large customer base in the form of the 1.6 million subscribers to Spanish pay-TV channel Canal+. These customers, who pay an average EUR 43 per month in subscription fees,

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Categories: Broadcast & Satellite
Companies: Canal+ / Digital+ / Mediaset / Telefonica
Countries: Spain
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