trending Market Intelligence /marketintelligence/en/news-insights/trending/imaZdnbR20unj1ph70zWLw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

PPF Group abandons plan to buy Modern Times Group's Bulgarian unit

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Strong Competition Remains For Thailand Digital Terrestrial TV Channel

ITU: Regulators discuss impacts of COVID-19 on policymaking


PPF Group abandons plan to buy Modern Times Group's Bulgarian unit

PPF Group is withdrawing its plan to acquire a 95% stake in Bulgaria's Nova Broadcasting Group AD for about €185 million from Modern Times Group, Reuters reported Jan. 7.

The Czech investment company's move follows the Bulgarian regulator's decision to reject the proposed deal due to competition concerns in the media services market.

PPF owns telecom assets in Bulgaria as part of its acquisition of Telenor ASA's regional business, the report said.

Eastern European Media Holdings SA, which owns the remaining 5% stake in Nova, would have also sold its stake to PPF if the deal succeeded.

MTG agreed to sell its stake in Nova in February 2018.