Radar > 237495

Telefónica reactivates sale of its television business in Argentina

Telefónica podría haber reactivado la venta de su negocio de televisión en Argentina

Intel ID : 237495
Synopsis

Telefónica (BME: TEF), a Spain-based telecoms company, is said to have reactivated the sale of Telefé, its Argentina-based TV company, reported Expansión on 9 June, 2016.

Specifically, Telefónica may be in talks with US-based Turner International for the sale of its TV business in Argentina for approximately USD 400m (see related transaction).

However, sources from the industry noted that, given the interest shown by Turner, Telefónica has begun to receive bids from other international groups interested in Telefé, allowing the Spain-based company to study various proposals.
(content in spanish)

Telefónica (BME: TEF), empresa española de telecomunicaciones, habría reactivado la venta de Telefé, su empresa de televisión en Argentina, según ha informado Expansión el 9 de junio de 2016.

En concreto, Telefónica estaría en negociaciones con el grupo norteamericano Turner International, para la venta de su negocio televisivo en Argentina, por una cifra que ronda los USD 400m, aproximadamente (ver transacción relacionada).

Sin embargo, fuentes del sector han señalado que, a raíz del interés mostrado por el grupo Turner, también estarían llegado más ofertas de otros grupos internacionales interesados en la compañía, lo que está permitiendo a la empresa española evaluar las diferentes propuestas.

Target

Telefé
Argentina

Seller


Intel ID 237495
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Media, Multimedia and Editorial (Primary)
Country
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Media, Multimedia and Editorial (Primary)
Primary Sector (TTRSC)
45.02.06 Television Broadcasting & Programming
45 Media, Entertainment & Information Services / 45.02 Media & Information Services

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.02.01 Integrated Communication Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.