Teracom has become the sole owner of Swedish DTT operating company Boxer after buying out the 30% of the company held by private equity firm 3i. No financial terms have been revealed.
Crister Fritzson, CEO of Teracom, who previously held the same position with Boxer said there would be no change of direction. “Teracom has always been the main shareholder in Boxer and acquiring all the shares is a logical continuation of that ownership. Boxer will continue its successful business in the same manner as before, that is being a pay-TV operator dedicated to terrestrial platforms and working independently of any individual broadcaster.”
3i acquired its holding in 2005, purchasing the 30% owned by Skandia Media since 2000. Between them the two companies have successfully built up Boxer’s pay-TV operation after an initially shaky start under the previous operating company Senda.
During 2008 Boxer has successfully won two 12-year licences to operate the DTT pay platforms in Denmark and Ireland.
