Αρχική iptv-news Kipco looks to sell OSN

Kipco looks to sell OSN

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Middle East pay platform OSN is reportedly for sale after majority owners Kuwait Projects Co (KIPCO) hired Goldman Sachs to advise on the disposal of it 60.5% holding.

During its financial reporting last week OSN said that it had instructed bankers to look at the matter, but at the time did not identify the party.

The company reported a 10% fall in income for the three months to September 30, 2018. It faces the combination of an upsurge in piracy and a change in the general competitive landscape.

OSN was created from the 2009 merger of Orbit and Showtime Networks.

It currently distributes 180 channels.

In 2014 KIPCO rejected a $3.2 billion bid for the company.



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