Shareholders for fledgling Spanish digital terrestrial television network Onda Digital last night approved an extraordinary increase in share capital worth pts11,000m ($68.75m) and the contracting of an external auditing for fiscal year 1999. In addition, the network has announced it will change its name to Quiero Television SA.
Only the second digital terrestrial network in Europe, after the UK's ONdigital, Quiero TV aims to launch on-air services of at least 14 channels by the second quarter of 2000. Of those new channels, it is expected that some will be produced locally and others will be imported, while as many as five may be pay-per-view.
Quiero, headed by general director Ildefonso de Miguel, will compete in Spain with digital satellite platforms, the Telefonica-backed Via Digital and Sogecable's Canal Satelite Digital, which between them boast some 1,275,000 customers in just three years of service.