PT Multimedia has been given regulatory approval for the €60 million purchase of cablenets Pluricanal and Bragatel. Having received the greenlight from media regulator ERC, PTM is now waiting for the competition authority AdC to give its own decision.
Delays in the approval have lead the local press to speculate as to whether the increasingly dominant operator would be allowed to complete the process.
The purchase of 100% in Bragatel, 92% of Pluricanal Leiria and 98.7% of Pluricanal Santarem would add 164,000 subscribers to the TV Cabo network.
It has been a busy week for TV Cabo, which has also announced the acquisition of rival TV Tel.