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Téléfonica buys 21% stake in satellite TV firm for USD709m
By
Editorial
Thu Nov 26 2009, 08:39 AM UTC
Spanish telecoms group Téléfonica is buying a 21% stake in satellite TV firm Digital Plus for an estimated USD709m. Prisa, owner of Digital Plus and Spain’s biggest media group, rejected an earlier joint bid from Téléfonica and Vivendi Universal.
Deal Details
- Status completed
- Amount US$709m
- Buyer Telefonica
- Sellers
Digital Plus claims it had nearly 2m subscribers at the end of Q3 2009, paying an average of USD59 per month.
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