FastTV sells Danish business

By Julian Clover

FastTV has announced it has sold the remaining 51% of its Danish operations to local partner A + Holding.

In a statement the Swedish IPTV company said it now expected to be cash flow positive by the middle of the year. FastTV will continue to provide content into Denmark; a business that will deliver around SEK 10 million annually.

FastTV has announced its intention to focus on the Swedish market.

Further details are expected when the company releases its year end report next week.