Russia’s longest established pay-TV company – Kosmos TV, which provided MMDS services in Moscow and environs – has closed after over 20 years.
Quoting a statement issued by the company, Vedomosti reports that this follows last month’s award of frequencies previously used by Kosmos TV to Vimpelcom, MegaFon, Rostelecom.
All three will in due course use these frequencies to launch LTE-based mobile services, as will Scartel (Yota), which was also awarded Kosmos TV frequencies last autumn.
Each of the four companies is required to pay Kosmos TV R274 million (€7 million) in compensation.
Kosmos TV had around 35,000 subscribers and they are being given the opportunity to switch to services provide by MGTS.
It was established in 1991 as a joint venture between Metromedia International and the then Moscow Television and Transmitter Centre.
