Telefonica may still have a piece of the Mediaset action

Telefonica is reportedly getting creative in its battle to reduce debts as it backs Mediaset in an on-going legal battle against Vivendi.
According to Reuters’ sources, Telefonica has not only grabbed a bit of cash in selling its 11.1% stake in pay TV business Premium back to Mediaset, but it has somehow managed to negotiate a slice of the damages Mediaset could potentially gain in an on-going legal dispute with Vivendi. Telefonica is drowning in over €50 billion of debt; understandab