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Telefonica has option to exit Mediaset Premium - report

Friday 5 September 2014 | 10:42 CET | News
Telefonica has the right to sell back its 11.1 percent stake in the pay-TV business of Mediaset if the Italian broadcaster finds another partner for the business, according to unnamed sources cited by Reuters. Telefonica acquired the stake in Mediaset Premium for EUR 100 million back in July, valuing the pay-TV unit at EUR 900 million. The deal was announced shortly after Telefonica completed its acquisition of Mediaset's 22 percent stake in Spanish pay-TV platform Digital+ for an initial EUR 295 million. However, one of the sources has now revealed that Telefonica has an option to give back

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Categories: Broadcast & Satellite
Companies: Digital+ / Mediaset / Telecom Italia / Telefonica / Vivendi
Countries: Italy / Spain
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