VTB Capital has bought a minority stake in National Satellite Company (NSC), the operator of Russia’s leading DTH platform Tricolor TV, for an undisclosed fee.
Tricolor TV currently has over 12.4 million registered subscribers, 9.12 million of who were paying customers as of March 25 this year.
VTB Capital is a global investment bank and as a financial investor will help Tricolor TV increase the value of its assets and prepare for an IPO in a few years time.
Unofficially, VTB Capital is believed to have acquired 25% of NSC. The deal still has to be approved by the Russian competition authority FAS.