CardSharing-X

» SAT Related « => Satellite TV Market News => Topic started by: grass on January 19, 2010, 05:46:14 AM

Title: TvNetWork sells assets
Post by: grass on January 19, 2010, 05:46:14 AM
The Hungarian cable company TvNetWork has sold its ADSL and 3G services to a Pecs-based company named DrĂ¡vanet for HUF357.1 million (€1.32 million).

According to BBJ, its ADSL and 3G services were valued at HUF240 million, with the balance being for contracts that generated revenues of HUF22 million a month.

Last month Romania’s RCS/RDS, which already operates Digi, one of the largest cable operators in Hungary, acquired a 30% stake in TvNetWork for an undisclosed fee.