Closing of the transaction is subject to regulatory approval, which is expected in the first half of 2019.
Currently the Liberty Global DTH business serves about 800,000 customers in Hungary under the brand UPC Direct, in the Czech Republic and Slovakia under the brand freeSAT, and in Romania under the brand FocusSat. This acquisition will enable M7 Group to gain further scale and increase its top line by circa 30% post transaction.
“This is a very logical acquisition for us, allowing us to consolidate the satellite TV activities of Skylink in the Czech and Slovak markets, while further diversifying our European footprint into two new markets,” said Hans Troelstra, CEO of M7 Group.
“In addition, we will be able to roll out our hybrid satellite and OTT TV platform in those two new markets. In our existing markets the OTT platform is already used by about 15-20% of the base.”