Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update Digital+ sale postponed? at General Satellite News forum; Digital+ sale postponed? Spanish publisher Prisa is having a hard time finding companies interested in buying out its digital satellite ...

LinkBack Thread Tools Display Modes
Update Digital+ sale postponed?
Bacteria's Avatar
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 104853
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
Update Digital+ sale postponed? - 08-November-2008, 11:40

Digital+ sale postponed?

Spanish publisher Prisa is having a hard time finding companies interested in buying out its digital satellite pay TV operator Digital+. Prisa values its operator at 3,000 million, but that is a sum no-one seems to want to pay, so the sale could very well be put off until next year.

According to financial sources: "if there's not money for financing 100 million operations how could there be moey to finance 2,000 million or more?"

News Corporation has withrawn from the process and other possible bidders are also on the way to doing so, such as Mexican tycoon Amrica and Telmex's Carlos Slim or Mediaset's Telecinco.

In this last case Europe's most profitable channel Telecinco could join Spain's main telco Telefnica in order to create a joint-venture to go for Digital+. Telefnica is also having talks with French media group Vivendi to proceed the same way.

In Telefnica's case the telco has asked Deutsche Bank to prepare a report in which it analyzes what good it would be to buy out Digital+. The report recommends Telefnica not acquire Digital+ over a specific price which, according to some sources, Deutsche Bank sets at 1.700 million.

Telefnica, which has long admited its interest in Digital+'s 2 million subscribers, has denied its board of directors has made any decision on that yet.

Other companies such as French telco Orange, Liberty Media and Spain's main cable operator Ono are also interested in Sogecable's operator. But the operation could very well have to wait until 2009.
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.