Advanced Television

Boxer buys Plus TV

June 22, 2009

Boxer, the Teracom-owned DTT platform has acquired a majority stake in its Finnish equivalent PlusTV. Existing backers Baker Capital and IT Provider Funds will remain minority shareholders.

"PlusTV has established itself as a leading Finnish pay-TV operator and has great continued potential. We count on developing synergies between our businesses in Sweden, Denmark and Finland and to make use of best practices on all markets. With their combined strengths, all our companies will be strong players in increasingly competitive markets," says Per Norman, CEO of Boxer. Launched in November 2006, PlusTV has 281,000 subscribers, a quarter of Finland's now all digital terrestrial market.

Boxer has a subscriber base of 680,000 in Sweden and Denmark.

Categories: Articles, Business, M&A