KYIV. March 1 (Interfax-Ukraine) – Modern Times Group MTG AB (MTG) has signed an agreement to sell its Ukrainian pay-TV business Viasat Ukraine to Ukraine’s 1+1 Media Group (media.1plus1.ua), MTG said in a press release on March 1.
Completion of the transaction is subject to local market regulatory approval.
“The sale of our Ukrainian operations is part of our ongoing strategic portfolio review. The Ukrainian team have created popular TV entertainment platforms and products, and we wish them every success in the future,” MTG President and CEO Jorgen Madsen Lindemann said.
Viasat Ukraine offers licensed packages of up to 110 TV channels on its satellite pay-TV platform, and also provides Ukraine’s largest telecoms operator Kyivstar with the Internet pay-TV platform for its recently launched offering of up to 130 TV channels and video on demand services.
