MTG sells Baltic broadcasting businesses
· MTG sells its businesses in Estonia, Latvia and Lithuania to Providence Equity Partners · The cash transaction values 100% of the business at an enterprise value of EUR 115 million (approximately SEK 1,094 million) · Sale reflects MTG’s ongoing transformation from traditional national broadcaster into a global digital entertainer MTG has signed an agreement to sell its free-TV, pay-TV, digital and radio businesses in the Baltic region to Providence Equity Partners, a premier global asset management firm that is the owner of Bite, the Lithuanian and Latvian mobile operator. The