Over the last two years, Eastern Europe remained an active pay-TV market from an M&A perspective, with high fragmentation in the cable sector leading to ongoing consolidation, reports SNL Kagan in an analysis of the sector. Another supporting factor is high pay-TV penetration, which limits greenfield growth opportunities in cable, while intense competition among multiple DTH operators increases the need for competitive offers.

In 2015, the hottest M&A market was

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