Spain: 2 DTT licences on sale for €70m
February 19, 2016
From David Del Valle in Madrid
Unidad Editorial, owner of the newspaper El Mundo and DTT company Veo TV, has put its two nationwide Spanish DTT channels on sale for €70 million.
Spanish media group Secuoya and the US company Discovery Networks are reportedly holding talks to acquire the DTT licences. Group Secuoya, which recently was granted with a DTT licence, has reportedly submitted a bid of up €61 million and is one of the most likely candidate to buy them.
Discovery Networks is also interested in acquiring one or two licences or even renting them. Renting out is a possibility, but the main shareholder in Unidad Editorial, the Italian company RCS, prefers to sell to cut costs of up to €15 million over the next two years.