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Skylink for sale
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Skylink for sale - 15-July-2011, 10:30

The leading Czech and Slovak DTH platform Skylink is understood to have been put up for sale, with a new owner likely to be found within a matter of weeks.

Quoting unnamed sources at the J&T Group, E15 says that the cost is expected to be four or five times its EBITDA, or over CZK1 billion (40.9 million).

It adds that it is seen as important for the two parts of the business to be sold separately.

The Czech Skylink operation is currently backed by TradeTec, while the one in Slovakia is backed by Towercom, which also operates the countrys DTT platform.

Although J&T denies ownership of Skylink, it is understood to be behind Towercom and also controls the Slovak commercial broadcaster TV Joj.

Skylink, which is a pre-paid service, has been a runaway success in the last two to three years and had a combined total of over 1 million active card users in the two countries as of the end of 2010.

Offers for the platform have apparently already been received from unnamed telecom companies.

Should it be sold in the predicted period, it would become the second DTH platform serving the two countries to have changed hands this year, with CS Link having been acquired by the Luxembourg-registered M7 Group in February.

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