The Spanish Competition Authority approves an acquisition in the pay TV and telecommunications markets by a direct competitor in a second phase decision with commitments (Telefónica / DTS)

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Reference

Spanish National Markets and Competition Commission, Telefónica / DTS, Case No.0612/14, 22 April 2015 (Spanish)

The approved transaction consists of the acquisition by Telefónica (incumbent telecommunications operator also active in the pay TV market) of the exclusive control of DTS, through the purchase of the 56 % share capital in the hands of Prisa, which adds to the 44% share capital already owned by Telefónica. The NMCC has approved the transaction of reference after an in-depth (second phase) investigation subject to commitments offered by Telefónica. Telefónica has proposed a five-year duration commitment package (renewable for three additional years) from the moment the NMCC Decision is deemed final (i.e., 30 April 2015) [1]. During this period, the resulting entity may request an amendment to the

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Pedro Callol, Jorge Manzarbeitia, Manuel Cañadas Bouwen, The Spanish Competition Authority approves an acquisition in the pay TV and telecommunications markets by a direct competitor in a second phase decision with commitments (Telefónica / DTS), 22 April 2015, e-Competitions Mergers & Media , Art. N° 95981

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