Nova


MTG completes Nova sale

Modern Times Group (MTG) has completed the sale of its 95% majority stake in Nova Broadcasting Group in Bulgaria to local buyer Advance Media Group.   The all-cash transaction game Nova an enterprise value of €185 million. MTG said it will use the proceeds of the sale to further develop its global digital entertainment business […]

MTG enters new Nova sale talks, secures financing

MTG has entered discussions with other potential buyers for Nova Broadcasting Group, after Bulgaria’s competition regulator blocked the planned sale of the company to PPF Group last year. In a statement, MTG said its previously-announced deal to sell its 95% shareholding in Nova to the investment company controlled by Czech billionaire and businessman Petr Kellner has now […]

Telenor sells CEE operations to O2 and Nova Group owner PPF

Telenor has agreed to sell its central and eastern European assets to private equity outfit PPF Group for €2.8 billion in a move that will see the Norwegian telco exit its wholly-owned mobile operations in Hungary, Bulgaria, Montenegro and Serbia. PPF owns multi-play provider 02 Czech Republic, which it acquired from Telefónica in 2013, but […]

MTG sells Bulgaria’s Nova Group

MTG has sold its 95% shareholding in Nova Broadcasting Group in Bulgaria in a deal that values the full business at €185 million (SEK 1.83 billion). MTG sold its Nova stake to PPF Group, the investment company controlled by Czech billionaire and businessman Petr Kellner, with the deal forming part of MTG’s ongoing strategic transformation […]

Forthnet posts lower subs and revenues

Greek pay TV operator Forthnet, which operates under the Nova brand, has reported first-half declines in subscriptions, revenue and EBITDA as Greece continues to struggle with the impact of its prolonged economic recession. The operator’s total subscriptions sold declined by 8.5% to end June with just over one million subscriptions shared among 745,000 homes, down […]

Forthnet taps Irdeto for DTH upgrade

Greek pay TV operator Forthnet has tapped content security specialist Irdeto to provide conditional access for its Nova DTH service in parallel with its migration to new DVB-S2-based, HD and MPEG-4-capable set-tops.  Forthnet is using Irdeto Media Protection to secure the DTH service following a swap out of its boxes. The group claims to have […]

Eutelsat signs triple-play deal with Greek pay TV operator

Forthnet Group has signed a deal with Eutelsat that will see it bundle the satellite operator’s broadband service with its Greek pay TV platform Nova. Eutelsat said its broadband affiliate Skylogic had signed a five year distribution agreement enabling Forthnet to market the Tooway broadband service across Greece and Cyrpus. The deal also ensures future […]