Wednesday, 13 December 2017

Telefonica sells Argentine TV arm to Viacom for $345m

By Nick Wood, Total Telecom
Wednesday 16 November 16

All-cash transaction to help Spanish incumbent pay off some debt.

Telefonica this week agreed to sell its Argentine TV business Telefe to Viacom for $345 million (€322.6 million) in cash. Telefe reaches 95% of households in Argentina, and has an audience share of approximately 33%. The TV network produces more than 3,000 hours of Spanish…

Telefonica this week agreed to sell its Argentine TV business Telefe to Viacom for $345 million (€322.6 million) in cash. Telefe reaches 95% of households in Argentina, and has an audience share of approximately 33%. The TV network produces more than 3,000 hours of Spanish…

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