0
Video

Modern Times Group sells 75% of Trace to investment firm

Friday 19 January 2018 | 11:50 CET | News
Modern Times Group (MTG) said it has agreed to sell its 75 percent stake in Trace Partners SAS to investment company TPG Growth, as part of MTG's strategic transformation. The deal values 100 percent of the business at EUR 40 million (c. SEK 392 mln) and closing is subject to regulatory approvals.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: Modern Times Group / Trace
Countries: Africa / Sweden
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Modern Times Group spins off Nordic Entertainment as listed company

Published 23 Mar 2018 12:26 CET | Sweden
Modern Times Group (MTG) has decided to split into two companies, one for e-sports, gaming and digital entertainment, and the ...

Modern Times Group sells 95% stake in Nova Broadcasting to PPF Group

Published 19 Feb 2018 12:17 CET | Bulgaria
Modern Times Group (MTG) said it is selling its 95 percent shareholding in Nova Broadcasting Group in Bulgaria to PPF Group, the ...

TDC to recommend new takeover offer from Macquarie consortium

Published 13 Feb 2018 10:44 CET | Denmark
Danish operator TDC said a consortium of pensions companies PFA, PKA, ATP, and Macquarie Infrastructure and Real Assets, has ...

MTG says Q4 profits steady at Nordic Entertainment and Studios, MTGx has first quarterly profit

Published 01 Feb 2018 12:23 CET | Sweden
Modern Times Group (MTG) has announced stable fourth-quarter operating profit at Nordic Entertainment and MTG studios, which it ...

TDC buys Modern Times Group Nordics to form converged business under new name

Published 01 Feb 2018 09:45 CET | Denmark
Modern Times Group (MTG) said it has agreed to combine its Nordic Entertainment and MTG Studios businesses with TDC Group to ...

Sub-Saharan Africa to add 17.4 million pay-TV subscribers by 2023

Published 08 Jan 2018 11:30 CET | Africa
The number of pay-TV subscribers in Sub-Saharan Africa will increase by 74 percent between 2017 and 2023 to reach 40.89 million, ...

Kwese reaches 77 channels in Zimbabwe, targets 100 by end-March

Published 02 Jan 2018 09:59 CET | Zimbabwe
Kwese TV has announced it now has 77 channels in Zimbabwe, five of which are always free. More channels will be added in the New ...

Kwese TV signs distribution agreement with MTN Nigeria

Published 20 Dec 2017 09:26 CET | Nigeria
Kwese TV and MTN are cooperating to sell Kwese television decoders through MTN stores in Nigeria. A Kwese kit comprising a dish, ...

Trace TV launches TV channel in DR Congo

Published 22 Aug 2017 09:30 CET | Congo, The Democratic Republic of the
Trace TV has announced the launch of two major channels in Kinshasa, the Democratic Republic of Congo (DRC). These channels will ...

Trace TV launches Trace Play VoD service

Published 31 Mar 2017 10:41 CET | World
Trace TV, a media group focused on youth, launched Traceplay, a VoD service specialising in Urban and Afro-Urban culture. The new ...

MTG sells TV ops in Ghana, Nigeria, Tanzania

Published 19 Dec 2016 09:31 CET | Ghana
Modern Times Group (MTG) has completed the sale of its free-TV broadcasting and production businesses in Ghana and Nigeria to ...

Airtel Nigeria launches free-to-browse Trace Plus

Published 15 Dec 2016 09:25 CET | Nigeria
Airtel Nigeria has partnered with African music media brand Trace to launch 'free to browse' video streaming and the download ...

Trace launches 2 new channels on Zuku

Published 03 Oct 2016 11:21 CET | Africa
International urban media group Trace has announced an agreement with East African entertainment provider Zuku to distribute ...

Trace launches 3 new music channels in Africa

Published 26 Aug 2016 09:54 CET | Africa
Trace, an urban entertainment brand, will kick off three new music channels - Trace Africa, Trace Mziki and Trace Naija - across ...

MultiChoice adds Trace music channels for east, west Africa

Published 17 Aug 2016 12:24 CET | Africa
MultiChoice has announced the launch of a two new music channels, Trace Naija and Trace Mziki, set to hit screens across East and ...

African Basketball League agrees broadcasts on Trace TV

Published 16 Feb 2016 18:03 CET | Africa
The African Basketball League signed a deal with Trace TV to broadcast the league's inaugural season, which begins in March. ...

MTG sells Russian & international pay-TV channels

Published 26 Oct 2015 15:57 CET | Russian Federation
MTG announced that it has signed and completed the sale of its Russian and international pay-TV channel businesses for a total of ...

Trace to launch African SVoD service

Published 14 Sep 2015 08:53 CET | Africa
African TV channel group Trace, bought by Sweden's Modern Times in February last year, will enter the SVoD market with the new ...

Modern Times buys 75% of pay TV group Trace

Published 25 Feb 2014 10:18 CET | Africa
Swedish TV company Modern Times Group (MTG) has signed a deal to buy 75 pecent of France-based global pay TV "cool and ...