Prisa Group Sells Portugal‘s Media Capital to Altice

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by @todotvnews the 14/07/2017
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Media Capital, a Portuguese media conglomerate that owns broadcast TV network TVI, was acquired by telecommunications company Altice for 321 million euros.

Spanish media group Prisa announced this Friday the sale of its 94.7% stake in Portuguese conglomerate Media Capital to telecommunications company Altice for 321 million euros.
 
The operation values Media Capital at 440 million euros.
 
Media Capital is the mother company of Portugal's most important media conglomerate and includes appealing properties like TVI, the country's most important broadcast TV network, as well as the producer Plural Entertainment.
 
Media Capital also owns the newspaper O Independiente; the radios M80, Cidade, SmoothFM and VodafoneFM; websites and online platforms Cotonete, TVI Player; and pay TV networks TVI24, TVI Ficção, TVI Reality, TVI Internacional and África TVI, present in 16 countries.
 
Altice already owns Portuguese telco PT Portugal, which offers quadruple play services through MEO.
 
With this acquisition, Altice becomes the most important convergent operator in Portugal, controlling production, pay TV operations, networks and the country's most important broadcast TV channel.
 
The operation must be approved by the Portuguese conglomerate.
 
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