TVN to take over platform n
November 9, 2009
Poland’s TVN has announced its intention to fully take over the DTH platform n.
According to broadcaster, it has already fully integrated n into its operations and will now acquire the remaining 49% of n by issuing an additional €188 million senior notes, maturing 2017 to the ITI Group.
€40 million of the senior notes will be placed in escrow until n reaches predefined targets.
The platform had around 730,000 subscribers as of September 30. Of these, 571,000 were post paid and around 159,000 active pre-paid customers.