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Latest Satellite News Discussion, TvNetWork sells assets at General Satellite News forum; By Chris Dziadul January 7, 2010 09.20 UK The Hungarian cable company TvNetWork has sold its ADSL and 3G services ...

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TvNetWork sells assets - 07-January-2010, 17:10

By Chris Dziadul
January 7, 2010 09.20 UK

The Hungarian cable company TvNetWork has sold its ADSL and 3G services to a Pecs-based company named Drvanet for HUF357.1 million (€1.32 million).
According to BBJ, its ADSL and 3G services were valued at HUF240 million, with the balance being for contracts that generated revenues of HUF22 million a month.

Last month Romania’s RCS/RDS, which already operates Digi, one of the largest cable operators in Hungary, acquired a 30% stake in TvNetWork for an undisclosed fee.
   
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