TelefÃ³nica intends to move ahead with the acquisition of a 20% stake in pay-TV provider Digital Plus, according to Spanish press reports.
The acquisition is expected to be funded by a mix of cash and debt. According to the reports, the deal will see TelefÃ³nica appoint two directors to the company. TelefÃ³nica sold the 16.79% stake it previously held in Digital Plus for Â650m in 2008.
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