Modern Times Group (MTG), the international entertainment broadcasting group is selling national Russian free-to-air television network 'DTV Group' to CTC Media for approximately $395 million on cash. MTG owns 39.5 per cent of CTC Media, which is Russia's largest independent television broadcaster. The transaction is subject to approval by the relevant regulatory authorities.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, M&A