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Modern Times Group (MTG) has confirmed it will be selling its Ukrainian pay-TV business Viasat Ukraine to Ukraine’s 1+1 Media Group. Completion of the transaction is subject to regulatory approval.
“The sale of our Ukrainian operations is part of our ongoing strategic portfolio review. The Ukrainian team have created popular TV entertainment platforms and products, and we wish them every success in the future,” commented MTG President and CEO Jorgen Madsen Lindemann.
Viasat Ukraine offers licensed packages of up to 110 TV channels on its satellite pay-TV platform, and also provides Ukraine’s largest telco Kyivstar with the Internet pay-TV platform for its recently launched offering of TV and VoD services.