MTG sells Russian & international pay-TV channels businesses
MTG today announced that it has simultaneously signed and completed the sale of its Russian and international pay-TV channel businesses for a total consideration of USD 45.5 million. The Russian channel business comprises factual, movie and sports channels, while the international channel business comprises pan-regional factual channels and the TV1000 movie channels.These transactions do not include MTG’s other entertainment channels or platforms, or the global Trace pay-TV channels business. The businesses being sold generated combined revenues of SEK 448 million and operating profits of