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Spain: Upcoming cable deal to impact EU market

By  |  March 12, 2014

Spain’s competition regulator, the CNMC, has reportedly announced it expects the upcoming acquisition of Canal+ to be reviewed by the European Commission as the merger would have ramifications in the EU industry.

Telefonica is expected to announce its acquisition of Canal+, currently owned by Prisa, in the next few days, according to sources. But ahead of that announcement, reports say the CNMC has stated that the deal will impact the pay-TV market in the EU. While the merger review is expected to be handled by EU regulators, the CNMC said it could be handed down the case as well.

Telefonica is expected to beat out rival bidder Mediaset for the cable company; the deadline for the bidders to present their bid was Wednesday of this week.

Full Content: Rapid TV News

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