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Telefonica closes acquisition of Digital+ for EUR 707 mln

Friday 1 May 2015 | 09:52 CET | News
Telefonica has announced the completion of its purchase of Prisa's 56 percent stake in the pay-TV platform Digital+ for EUR 707 million. In a statement to Spain's market regulator CNMV, Telefonica clarified that the figure is less than the EUR 750 million agreed a year ago after making adjustments due to "variables and a slowdown in business". Telefonica formally completed the acquisition after receiving the approval of communications and antitrust regulator CNMC, which attached a series of strict conditions to the deal. The operator said EUR 565.5 million has already been paid to Prisa, with

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