Telefónica finalises deal for DTS

03 June 2014 | Sophie Donoghue


Spanish incumbent Telefónica has finalised its deal to acquire a 56% stake in Distribuidora de Televisión (DTS) from media group Prisa.

The deal closed on Monday for €750 million, €25 million higher than the figure agreed between the two companies in May this year.

DTS is the owner of French pay-TV platform Canal+, of which Telefónica already owns 22%. The deal gives the Spanish company a 78% controlling stake in DTS.

The acquisition places Telefónica as the major pay-TV operator in Spain.

“This agreement is a significant step forward in the process of transforming the company into a leading digital telecoms operator,” said Cesar Alierta, chairman of Telefónica.

Last week, Telefónica, SDN specialist Cyan and software solution provider Red Hat announced an agreement for the development of a network functions virtualisation (NFV) architecture.