Telefónica buys El País pay-TV stake

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26 November 2009

Telefónica has bought a stake in a pay TV operation, Digital+, from the publisher of Spanish newspaper El País, for €470 million, including writing off €230 million of debt

Comment: There’s an almost irrestible temptation for telecoms operators to spend money on TV and other content providers. It’s exciting, it’s glamorous and it’s fun. But does it get them business? There’s little evidence of that.

Telefónica is acquiring...

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