0
Video

Telefonica decides not to exercise option to buy Digital+

Thursday 13 March 2014 | 11:00 CET | News
Telefonica and Italian broadcaster Mediaset have chosen not to exercise a call option to acquire Spanish media group Prisa's controlling 56 percent stake in pay-TV platform Digital+. Prisa informed Spain's market regulator CNMV that the 15-day term given to Telefonica and Mediaset to bid for Prisa's stake expired with "none of the above entities having exercised that right." The option arose after the Polanco family, through its Rucandio holding, lowered its stake in Digital+ from 31.6 percent to 25.53 percent, giving Telefonica and Mediaset, each of which own a 22 percent share of the pay-TV

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Broadcast & Satellite
Companies: Digital+ / Mediaset / Prisa / Telefonica
Countries: Spain
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica, Mediaset to bid for Digital+ stake - report

Published 28 Apr 2014 10:31 CET | Italy
Telefonica and Italian broadcaster Mediaset are preparing to make an offer for the 56 percent stake held by Spanish media group ...

EC should probe Telefonica-Digital+ deal - CNMC

Published 12 Mar 2014 09:04 CET | Spain
The European Commission should investigate Telefonica's possible acquisition of Spanish pay-TV platform Digital+ due to its ...

Telefonica close to buying Prisa's Digital+ stake - report

Published 06 Mar 2014 08:29 CET | Spain
Telefonica is close to finalising a deal to acquire Spanish media group Prisa's controlling 56 percent stake in pay-TV platform ...

Prisa gives Telefonica and Mediaset 15 days to buy Digital+

Published 26 Feb 2014 10:25 CET | Spain
Telefonica and Italian broadcaster Mediaset have a 15-day term in which to decide whether to complete the purchase of satellite ...