Virgin Media has received regulatory and competition approval to acquire Irish free-to-air commercial broadcaster, UTV Ireland.
Liberty Global-owned Virgin Media agreed to buy Republic of Ireland broadcaster UTV Ireland for €10 million in July.
Virgin will buy the free-to-air commercial channel from its current owner, UK terrestrial broadcaster ITV, and the deal also includes a 10-year Irish output deal for ITV-produced programming.
“The purchase of UTV Ireland is good news for viewers and will support TV3 to further compete against significant local and international competition,” said Pat Kiely, managing director of TV3.
Tony Hanway, CEO of Virgin Media in Ireland, said: “We’re delighted to have received regulatory approval to acquire UTV Ireland. This follows our acquisition of TV3 last year and we look forward to playing an even bigger role in the Irish broadcasting sector.”
PROMOTION: Live Webinar: The Secrets to Delivering Low-Latency #Live #Video, Globally - @llnw TOMORROW at 4pm GMT - hhttps://t.co/cBAVZIWQgi
23 April 2018 @ 09:22:00 UTC
#MostRead this week: #F1 unveiled its own plans for an #OTTTV service, to be launched in May in time for the hhttps://t.co/76qx8Jqkk3
22 April 2018 @ 09:05:00 UTC
DTVE: #TheWeekinView - @netflix: another stellar quarter in an evolving competitive landscape #SVOD #Disney #Sky hhttps://t.co/grljz7fDaH
21 April 2018 @ 16:04:00 UTC
#Crunchyroll debuts linear block in Brazilian market https://t.co/D12gTaeuwg
20 April 2018 @ 17:00:02 UTC
.@AMC_TV's #SundanceNow streaming service takes Sharon Horgan show https://t.co/fm5XwbBtAm
20 April 2018 @ 16:30:00 UTC