The sale of the troubled Norwegian pay-TV company RiksTV remains uncertain after the owners were unable to achieve a satisfactory price for the DTT operation. Owners NRK, TV2 and Telenor are all agreed that RiksTV should be sold off. However, despite interest from both MTG and Boxer, no deal has been concluded.
RiksTV is responsible for the sale of pay-TV packages direct to the public, while Norges Televisjon (NTV), owned by the same three partners, handles network operations.
“We have implemented a process with several potential buyers and have concluded that we are considering the potential increase in value the company higher than what was reflected in what we were offered,” RiksTV chairman Axel Dahl told Dagens Noringsliv.
RiksTV commenced operations in the autumn of 2007, but has fallen short of the projected 500,000 subscriber households and currently has around 340,000. It has lost NOK600 million (€69.8 million) over three years.
