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Telefónica buys El País pay-TV stake
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
Read more:
[Telefónica]
[Prisa]
[TV]
[Sogecable]
[El País]
[Spain]
[Portugal]
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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