Polish digital platforms n and Cyfra+ to merge

News Video Poland 2 NOV 2011
Polish digital platforms n and Cyfra+ to merge
ITI announced that its TV group TVN will merge its subsidiary ITI Neovision, owner of the digital TV platform n, with rival Cyfra+, part of the Canal+ group. TVN will receive a minority share in the merged company. The DTH TV provider created through the merger will have more than 2.5 million customers, making it a stronger competitor to market leader Cyfrowy Polsat. Canal+ also plans to purchase a minority stake in the ITI company N-Vision, which indirectly holds a 51 percent stake in the TVN Group. Canal+ will receive an option to purchase in future the rest of the controlling share in TVN from ITI.

Categories:

Video

Companies:

Cyfrowy Polsat,  Polsat,  Canal+,  TVN Group,  ITI Neovision/ Canal Plus

Countries:

Poland

Tags:

M&A buyouts & divestments

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