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Article: News Corporation acquires Telecom Italia's stake in Sky Italia.
- Article from:
- Business Wire
- Article date:
- September 28, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON -- News Corporation today acquired Telecom Italia S.p.A.'s 19.9% stake in Sky Italia S.r.l., the satellite pay TV platform in Italy. News Corporation paid EUR 88 million for the stake, bringing News Corporation companies to hold 100% of Sky Italia.
The platform has over 2,700,000 subscribers throughout Italy.
The News Corporation Limited (NYSE: NWS, NWS.A; ASX: NCP, NCPDP) had total assets as of June 30, 2004 of approximately US$51 billion and total annual revenues of approximately US$21 billion. News ...