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MTG sells TV ops in Ghana, Nigeria, Tanzania

Monday 19 December 2016 | 09:31 CET | News
Modern Times Group (MTG) has completed the sale of its free-TV broadcasting and production businesses in Ghana and Nigeria to Econet Media Group for an undisclosed consideration. The sale of MTG's free-TV broadcasting business in Tanzania to the same buyer is pending local regulatory approval and is expected to close in the first quarter of next year. The sell-off reflects MTG's ongoing strategic transformation from a traditional broadcaster into a digital video entertainment company.

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Categories: Broadcast & Satellite / Internet
Companies: Econet / Modern Times Group
Countries: Ghana / Nigeria
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