Telefonica acquires 21% stake in Digital+ for EUR 470 mln (Digital Media Europe)

Thu, 11/26/2009 - 08:16

(Telecompaper) Telefonica has signed an agreement with Spanish media group Prisa and its pay-TV division Sogecable for the acquisition of a 21 percent stake in Digital+. Telefonica will acquire the stake in Prisa's pay-TV platform Digital+ for EUR 470 million, of which nearly EUR 230 million will be covered by the subordinated loan agreement that currently exists between Telefonica as creditor ...