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

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TvNetWork sells assets - 07-January-2010, 16:40

TvNetWork sells assets

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 Romanias 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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