Following the news in October that France’s leading pay-TV platform Canal Plus was entering  into exclusive negotiations with Poland’s ITI and TVN Groups to create a strategic partnership in Poland, ITI has confirmed that Canal Plus  is to buy a “significant minority” stake in ITI, the parent company of the owner of 51 per cent shares of TVN SA, Poland’s largest television network, and has an option to buy the controlling stake “over time”. ITI Holdings SA, the Polish group’s ultimate parent company,  did not reveal the value of the deal.

At the same time, TVN and Canal Plus agreed to merge their Polish satellite pay-TV businesses in a joint venture, ITI said. The new company, in which TVN will hold a “significant minority” stake, will have more than 2.5 million subscribers, ITI said, without giving the timeframe of the agreement.

Other posts by :

1. Bank: Space industry worth $1tn by 2040
2. Xona Space wants 259 LEO satellites
3. 36 major airlines now committed to Starlink
4. Quilty: Top 5 Washington Satellite show takeaways
5. Space Wars: Starlink vs Amazon Leo
6. Eutelsat seeks ISRO deal for launches
7. Virgin Galactic sets prices for space tourists
8. Devas vs Antrix rumbles on
9. Shotwell makes TIME front cover

Categories: Articles, Broadcast, Business, FTA, Joint Venture, M&A, Pay TV