Ownership change at Romania’s Akta
January 7, 2019 08.45 Europe/London By Chris Dziadul
The investment fund Pinebridge is reported to have sold some of its shares in the leading Romanian cable operator Akta.
Quoting industry sources, Ziarul Financiar says that the buyer is Clever Media, part of the Look TV group, which is controlled by the Cluj-based entrepreneur Adrian Tomsa.
It adds that Akta had 600,000 subscribers and a turnover of around €50 million in 2017.
Meanwhile, Look TV holds the broadcasting rights to the Champions League, Romanian Football League and a number of leading football leagues in Western Europe.
It offers coverage of the competitions both directly through 10 proprietary and other TV channels.