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Broadband

SeaChange sells Layer3 TV stake for USD 6.7 million

Monday 29 January 2018 | 16:48 CET | News
SeaChange International has confirmed that it sold its stake in Layer3 TV, as part of T-Mobile's takeover of the IPTV provider. SeaChange said it received an initial payment of USD 4.6 million, and the additional USD 2.1 million will be released from escrow, subject to the satisfaction of the escrow provisions. The company said this was a "significant return" on its initial investment in Layer3 TV.  

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Categories: Broadcast & Satellite / Internet
Companies: SeaChange International / T-Mobile US
Countries: United States
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