Silvio Berlusconi has launched a €780 million bid to become the 100 per cent owner of Mediaset Spain. MFE-MediaForEurope, the Berlusconi-controlled group, will pay up to €5.613 per share, taking 44 per cent as the other 56 per cent is already under its control. The group will pay €258 million in cash and 624 new […]
Italian media tycoon and former Prime Minister, Silvio Berlusconi, is reportedly considering launching a takeover bid for the 44 per cent stake in Mediaset Spain he doesn’t already control through MFE-MediaForEurope. The CNMV (stock market) has suspended Mediaset Spain shares in view of the potential bid, valued at around €700 million according to Bloomberg. Berlusconi […]
FTTH take-up is speeding up in Spain with the country reaching 12.8 million lines at the end of January 2022, up 70,229 in a month. The latest CNMC figures reveal that Movistar is the market leader with 4.9 million, representing 37.9 per cent of the total. In a year FTTH market increased by 1.2 million […]
The Orange and MásMóvil merger is set to bring job cuts and the elimination of smaller and low-cost brands. The companies combined manage up to 13 commercial brands, servicing some 30 million lines, both fixed broadband (over 7 million) and mobile (20.2 million) and pay-TV (1.5 million subs). The merger will bring a brand and […]
Orange Spain’s intention to merge its Spanish operations with MásMóvil in Spain will be neutral for the rating but will attract high EU competition and regulatory scrutiny due to resulting market consolidation, reports Fitch. Orange and MásMóvil have announced that they have entered into exclusive discussions to combine their businesses in Spain to create a […]
Telcos Orange and MásMóvil have confirmed they are in exclusive discussions to combine their businesses in Spain. The combination would take the form of a 50-50 Joint Venture, co-controlled by Orange and MásMóvil (LORCA JVCO) with a combined enterprise valuation of €19.6 billion. Valuations are attractive for both businesses, with Orange Spain’s enterprise value at […]
Sports streaming platform DAZN is planning to offer more subscription options in Italy, starting in time for the 2022/2023 football season. Instead of the single monthly fee of €29.99 (although many are still paying the promotional price of €19.99), there will be a wider tariff portfolio possibly based on the number of registered devices, streams […]
Telefónica and Meta (formerly Facebook) have partnered to launch Open2metaver – a Metaverse hub in Madrid – to develop Metaverse networks, services and apps with a global reach. The deal was announced during the Barcelona Mobile World Congress, with Telefónica inviting start-ups and developers “to benefit from (our) open innovation ecosystem as week as from […]
Sports streaming platform DAZN is already preparing for the next football season following the acquisition of La Liga rights and a potential shared content deal with Telefónica giving access to all matches. The company has appointed former Vodafone executive, Bosco Aranguren, as CEO in Spain (effective April 18th) as it hedges its bets on the […]
Spain’s largest private TV groups, Atresmedia and Mediaset, ended 2021 with healthy financial results – mainly due to the rise of ad revenues. Atresmedia’s profit amounted to €118.5 million, five times more than the previous year. Atresmedia’s turnover reached €963.3 million, up 11.2 per cent with its EBITDA growing 132 per cent to €172.5 million. […]