Setanta and TV3 reduce OneVision stakes

Irish broadcasters Setanta and TV3 have reduced their respective investments in the DTT commercial consortium OneVision, according to reports.

OneVision plans to invest €20-30m in running the commercial side of the new state-owned platform. Telco Eircom and broadcast infrastructure provider Arqiva along with TV3 and Setanta were going to hold equal shares in the consortium. Eircom and Arqiva will now hold 40% each with the remaining share split equally between TV3 and Setanta.