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Gazprom buys Russian DTH rival -
Gazprom buys Russian DTH rival
Russian oil and gas conglomerate Gazprom’s media division has bought a controlling stake in National Satellite, which trades locally as Tricolor TV (the Russian flag is made up of three coloured bands).
Gazprom Media already controls NTV+ and its satellite operation. The combined DTH operation now numbers more than 6m homes, of which some 3.7m are pay-TV subscribers of Tricolor.
Financial terms were not revealed.