Telefónica Offers To Buy 56% Stake In Spain's DTS For EUR 725 Mln - Quick Facts

(RTTNews) - Spanish telecom group Telefónica S.A. (TEF, TDE.L) Wednesday announced that it has submitted a binding offer for the acquisition of 56 percent of the share capital of Distribuidora de Televisión Digital, S.A. or DTS, directly or indirectly owned by Promotora de Informaciones, S. A. or PRISA, for 725 million euros.

The company noted that the offer is subject to obtaining the relevant regulatory authorizations and to the fulfilment of the customary conditions on this type of transactions.

DTS, with trading name Canal+, is a Spanish satellite broadcasting company. It offers digital pay television production and distribution services.