REG - Telefonica SA - Acquisition of 22% of DTS <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

06/09/2014 02:36

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RNS Number : 5559L
Telefonica SA
04 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 
 
Following the significant event announced on June 20, 2014, Telefonica hereby
announces that its subsidiary Telefónica de Contenidos, S.A.U. has formalized
today a stock purchase agreement for the acquisition of 22% of the share
capital of Distribuidora de Televisión Digital, SA (DTS) owned by Mediaset
España Comunicación, S.A. (MEDIASET) for an amount of EUR 295 million. 
 
Moreover, a payment of an amount of EUR 30 million has been agreed as
consideration for the waiver of its pre-emptive right relating the stake held
by Promotora de Informaciones, S.A. (PRISA) in DTS. 
 
Additionally, Mediaset will receive an amount of EUR 10 million in the event
that Telefónica closes the acquisition of the 56% stake of DTS held by
Promotora de Informaciones, S.A. (PRISA), and, in that case, an amount of up
to EUR 30 million depending on the evolution of the pay-TV customers in Spain
of the Telefónica Group during the 4 years following the closing of the
acquisition by Telefónica of the 56% stake of DTS held by PRISA. 
 
Madrid, July 4, 2014. 
 
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