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 Drávanet 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 Romania’s RCS/RDS, which already operates Digi, one of the largest cable operators in Hungary, acquired a 30% stake in TvNetWork for an undisclosed fee.