Movistar+ is the trade name of the subscription chopine for digital television receiver owned by Telefónica, which operates in Spain and is distributed via optical fiber and ADSL and arsenic well as with satellites such as Astra. The platform, which was officially launched on July 8, 2015, stems from the fusion of Canal+ and Movistar TV. It is the largest subscription television supplier in Spain with 3,9 million customers and 46 % of market parcel. [ 2 ]
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In 2013, even though they had previously happened during 2008, [ 3 ] some negotiations about Canal+ sale appeared again. These ones would be more veridical because of the hurry banks had to solve Prisa ‘s debt to them. [ 4 ]
Reading: Movistar+ – Wikipedia
In June 2014, Prisa accepted Telefónica ‘s crack to own Canal+. [ 5 ] One month late, Mediaset España would sell its share to Telefónica so it could obtain the 100 % of the company. [ 6 ] On 8 July 2015, Telefónica launched Movistar+, a new platform from the fusion of Canal+ and Movistar TV which involved changes in the packages and raw channels in both platforms. It is a Pay-TV platform in Spain, owned by Telefónica. The chopine, which broadcasts via cable and satellite, was officially launched on July 8, 2015 and stems from the amalgamation of Canal+ ( satellite ) and Movistar TV ( IPTV ) platforms. presently the subscription television platform, with more subscribers in Spain. Since 2013, respective news program regarding the possible purchase of Canal + were published by Telefónica for PRISA could eliminate some of its debt. According to media reports, there were besides many companies that wanted to buy the Pay-TV platform, as Al Jazeera, Vivendi and Liberty Global baron Rupert Murdoch. however, this sale had no media coverage and it seemed that the negotiations and bids They lengthen much. On May 6, 2014, Telefónica submitted a adhere to gain 56 % PRISA had in Canal +, in exchange for paying about 725 million put up euro. The following day, the media echoed the credence of PRISA were made. The seller stated that “ for a menstruation of thirty days, ” since then negotiate with the buyer to continue the buying march, which would be regulated and reviewed by the CNMC and Brussels, that there was no monopoly or establish a damaging conditions for competence. close of this sale is subject to obtaining the necessary mandate from the rival authorities and approval by a spokesperson panel of banks financing PRISA.
The June 18, 2014, Telefónica submitted a bind offer to acquire 295 million euro for 22 % of Canal+ in the hands of Mediaset Spain. On July 4, 2014, Mediaset Spain accepted the offer to purchase 22 % of Canal+ Telefónica. The April 22, 2015, the CNMC gave its approval to the sale of Canal+ to Telefónica. After this, Canal + began the process of amalgamation with Movistar TV the July 7, 2015, which resulted in Movistar+ .