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Telefonica, Telecinco authorised to buy Digital Plus stakes

Thursday 11 November 2010 | 10:40 CET | News
Spain's competition authority, the CNC, has withdrawn its objections to Telefonica and Telecinco each buying 22 percent of pay TV operator Digital Plus after the two companies renounced their veto rights over strategic decisions by Digital Plus such as its business plans and budgets. Prisa is now authorised to sell its 44 percent stake in Digital Plus to the telecommunications operator and broadcaster. Prisa, Telefonica and Telecinco modified their agreement on 4 November to prevent any each shareholder other than Prisa from exercising decisive influence over Digital Plus. Telefonica and

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Categories: Broadcast & Satellite
Companies: Digital Plus / Prisa / Telecinco / Telefonica- Movistar
Countries: Spain
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