Binding Offer for acquisition of 56% of DTS

RNS Number : 4142G

Telefonica SA

06 May 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 announces that today has submitted a binding offer for the acquisition of 56% of the share capital of Distribuidora de Televisión Digital, S.A. (DTS), directly or indirectly owned by Promotora de Informaciones, S. A. (PRISA), for an amount of 725 million euro.

The offer is subject to obtaining the relevant regulatory authorizations and to the fulfilment of the customary conditions on this type of transactions.

Madrid, May 6, 2014

 

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