Telefonica’s Bid for Pay-TV Unit Accepted by Prisa

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May 9 (Bloomberg) –- Bloomberg’s David Tweed reports earnings for Telefonica and on the company’s $1B offer for Prisa’s stake in a pay-TV broadcaster. He speaks to Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

More in line with estimates.

The agreed to a billion-dollar deal that makes it the most powerful tv operator in spain.

This is the one that will overshadow those earnings.

They came in in line with expectations.

Underlying the fact that telefonica is under pressure in spain but also in latin america.

Combined with the fact that you have got weaker telephone businesses in latin america and you have a decline in the currencies like the argentinian peso, down 19%. the news we got overnight that their bid for 50% of digital plus, it giving them 78%, very good news.

That will allow them to do two things.

Digital has the rights to broadcast a lot of sports, including anything to do with barcelona.

You can understand why that is such a valuable asset.

It is going to allow telefonica to put together its cable, digital internet, and traditional television operations and sell them in one package.

Very important in terms of finding new streams of revenue.

David, what is the status of telefonica's $11 billion bid for the german mobile operator?

Just to recap, this one makes the digital plus one look small beer.

This is a billion-dollar takeover.

It is a german mobile operator and a subsidiary of the dutch telephone company.

If telefonica is able to merge telefonica deutsche land, it will be the biggest wireless operator in germany by the number of customers.

It is a very big deal.

The european commission is looking at it.

Yesterday, the commission said they had suspended the deadline for making its decision because it had not received enough information from telefonica.

They're expecting to get

This text has been automatically generated. It may not be 100% accurate.


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