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Telefonica prepared to sell Mediaset Premium stake - report

Thursday 25 August 2016 | 08:26 CET | News
Telefonica would be prepared to sell its 11.1 percent stake in the Mediaset Premium pay-TV business if a deal allowed it, according to company sources cited by Il Sole 24 Ore. The Spanish group acquired the stake in 2014 for EUR 100 million but no longer considers the asset strategic. In addition, under the terms of deal Mediaset has a right of first refusal on the stake and a right to force Telefonica to sell its share if the Italian broadcaster finds another partner for the business.

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Categories: Broadcast & Satellite
Companies: Mediaset / Telefonica / Vivendi
Countries: Italy
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