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Modern Times Group A — M&A Activity 2010
Jun 9, 2010
3079_rns_2010-06-09_f4abe56d-3fed-4788-9bce-9831c0eb717d.pdf
M&A Activity
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FOR IMMEDIATE RELEASE 09 June 2010
MTG COMPLETES ACQUISITION OF FURTHER 35% OF VIASAT UKRAINE
Modern Times Group MTG AB (publ.) ('MTG' or 'the Group'), the international entertainment broadcasting group, today announced that it has completed the acquisition of a further 35% of Viastrong Holding AB ('Viastrong') from Strong Media Group Ltd. ('Strong Media') for an undisclosed cash consideration. MTG now owns 85% of Viastrong which, through Vision TV LCC, operates the Viasat Ukraine DTH satellite pay-TV platform.
The acquisition was completed following approval from the regulatory authorities in Ukraine. MTG will now fully consolidate the operating results for Viasat Ukraine in the 'Pay-TV Emerging Markets' business segment of the Viasat Broadcasting business area.
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For further information, please visit www.mtg.se or contact:
Hans Holger Albrecht, Chief Executive Officer Tel: +46 (0) 8 562 000 50
Investor & Analyst Enquiries: Matthew Hooper Tel: +44 (0) 7768 440 414 Email: [email protected]
Media Enquiries: Bert Willborg Tel: +44 (0) 791 2280 850 Email: [email protected]
Modern Times Group is a leading international entertainment broadcasting group with the largest geographical broadcast footprint in Europe. MTG's Viasat Broadcasting is the leading free-TV and pay-TV operator in Scandinavia and the Baltics, and has broadcasting operations in Bulgaria, Czech Republic, Hungary, Slovenia, Russia, Ukraine and Ghana. Viasat's free-TV and pay-TV channels and pay-TV platforms attract a total of 125 million viewers in 31 countries. MTG is also the major shareholder in Russia's largest independent television broadcaster (CTC Media – Nasdaq: CTCM), and the number one commercial radio operator and internet retailer of entertainment products in the Nordic region.
Modern Times Group MTG AB Class A and B shares are listed on Nasdaq OMX Stockholm's Large Cap market ('MTGA' and 'MTGB').
The information in this announcement is that which Modern Times Group MTG AB is required to disclose under the Securities Markets Act. This information was released for publication at 14.00 CET on 09 June 2010.