TelefÃ³nica of Spain and France's Vivendi have held talks with regards to a possible joint bid for Digital Plus, the satellite pay-TV business being sold by Spanish media group Prisa to reduce debt.
According to reports, Spain's telco has emerged as a frontrunner in the sale process, although it had still not lodged a binding bid, nearly two weeks after Prisa's own deadline. Vivendi, the media group, also remains interested. The two have discussed a joint bid to ease competition concerns.
However, a tie-up between TelefÃ³nica and Digital Plus would further squeeze Ono, the cable group.