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Telefonica: Digital+ in the sights, 725 million offered for 56%

The telephone giant has launched a binding offer of 725 million for 56% of Iberian pay TV in the hands of the majority shareholder Prisa – Mediaset Espana also holds a 22% stake in Digital+ – Telefonica's goal is to offer customers integrated TV, telephony and internet packages.

Telefonica: Digital+ in the sights, 725 million offered for 56%

Digital+ is in Telefonica's sights. In fact, the telephone giant that controls Telecom has launched a binding offer of 725 million euros for the acquisition of 56% of Iberian pay TV from the current majority shareholder, Prisa.

This was announced in a communication from the same company to the Comisiòn Nacional del Mercado de Valores (Cnmv), the Spanish equivalent of Consob.

Telefonica already holds a 22% stake in Digital+, the same stake held by Mediaset Espana. The two groups had a priority over 56% of pay TV.

For Telefonica, which is facing strong competition on the domestic market, controlling Digital+'s business would mean having more flexibility in preparing tailor-made offers for customers, being able to offer integrated packages with fixed-line TV subscriptions, mobile phone services and internet .

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