Telecinco could buy Digital+
There's a new possibility for the sale of Sogecable's Digital+: Mediaset's Spanish channel Telecinco. According to some usually-reliable sources the broadcaster could very well be interested in buying Sogecable's pay-TV satellite operator.
These sources declared that "Telecinco have always observed with close atention anything that goes on in the communication market. In this sense we will study Digital+'s buy out".
Telecinco offers a minimun of €2.8 billion for Digital+. This figure could go up to €3 billion at the end of the negotiations. Prisa has until March 2009 to close the sale of Digital+ since the Spanish government thinks of launching the new Audiovisual Law by then, which will seemingly include pay on DTT. That is likely to alter Digital+’s prospects.
In theory Prisa, Sogecable's owner, should know by now who is interested in Digital+ which would mean the beginning of conversations. "The Wall Street Journal" claims News Corporation is one of those companies interested in the Spanish operator although there are other bidders such as Telefónica, Vivendi, France Télécom, Mediaset and Mexican tycoon Carlos Slim, telco Telmex’s owner.