SKY TV News "SKY UK eyes up Telefonica (Spain)
With so much going on in the World of satellite TV in Spain, the biggest Satellite Broadcaster in Europe BSKY "SKY TV UK" are looking at purchasing CANAL+
June has been a very busy for SKY TV UK executives having just announced a
SKY TV deal with Yahoo and now News that BSKYB are interested in buying out or taking a stake in the Spanish pay TV Broadcaster CANAL+ SKY UK Legal team have been in talks with both Telefonica who are share holders to the tune of 23% in the satellite Broadcasting business and Prinsa who own 56% according to a recent story that has been circulating in the Spanish media.
It is rumoured that Prinsa have already rejected several offers in the past, and are in no hurry to sell there share despite falling subscription revenue as the Spanish pay TV market has dipped in past years. There have also been lots of complaints about the way CANAL+ have been reluctant to let cash strapped Spanish families out of there contractual obligations and instructing debt collectors that often call up at 11 o'clock at night.
June 14th 2013 - Story written by Jeremy Stenton-Jones
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