MTG sells Ukrainian TV business

MTG sells Ukrainian TV business

March 1, 2016
10.30 CET
MTG has signed an agreement to sell its Ukrainian pay-TV business to Ukraine’s 1+1 Media Group ( Completion of the transaction is subject to local market regulatory approval.

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.

“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.”

Jørgen Madsen Lindemann, MTG President and CEO

Any questions?www.mtg.comFacebook: (or Jessica Sjöberg +46 76 494 09 13) (or Stefan Lycke +46 73 699 27 14)

MTG (Modern Times Group MTG AB (publ.)) is a leading international entertainment group. Our shares are listed on Nasdaq OMX Stockholm (‘MTGA’ and ‘MTGB’). The information in this announcement is that which MTG is required to disclose according to the Securities Market Act and/or the Financial Instruments Trading Act, and was released at 10:30 CET on March 1st 2016.

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