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RNS Number : 5803L
Telefonica SA
07 July 2014
RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES
General Secretary and
Secretary to the Board of Directors
TELEFÓNICA, S.A.
TELEFÓNICA, S.A. as provided in article 82 of the Spanish Securities Market
Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Telefónica hereby announces that it has reached an agreement with Mediaset
S.p.A. to invest, in the next months, EUR 100 million in the pay-TV business
(Mediaset Premium) of Mediaset S.p.A. in Italy, in exchange of an 11,11% stake
in such business. The enterprise value of Premium, before the contribution of
Telefónica, has been set at EUR 800 million.
Madrid, July 7, 2014.
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