NextRadioTV gets green light to move forward with Altice

Thursday 26 November 2015 | 09:26 CET | News
NextRadioTV has received a green light from French competition watchdog Autorite de la Concurrence (ADLC) and the regulator authority Conseil Superieur de l'Audiovisuel for its partnership deal with Altice. Altice and NextRadio TV founder and main shareholder Alain Weill is expected to file for a joint company with the Autorite des Marches Financiers (AMF) by the end of the year. Altice will then be able to proceed with the acquisition of 49 percent in the joint-company. Weill will keep exclusive control of NextRadioTV with 51 percent of economic and voting rights of the new joint-company.

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Categories: Broadcast & Satellite
Companies: Altice Europe
Countries: France
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