In a statement, the company says: “Following ongoing reviews of our satellite transmission agreement with Neterra, TSBc concluded that the project was not progressing according to expectations and the contract was therefore terminated. We would like to wish Neterra all the best in their future endeavours.
“Serving over 17 million TV households from the 1 degree West orbital location, TSBc has seen ongoing successes in Central and Eastern Europe resulting in continuous growth and expansion within this region. We are looking forward to the launch of THOR 7 in 2nd half of 2014, and the much needed capacity this will provide to our core Central and Eastern European markets.”
TSBc signed a satellite transmission agreement with Neterra in March this year to launch a new white-label, shared DTH platform named “the W1” in Bulgaria. The agreement was terminated on November 22, following which Neterra entered into an agreement with SpaceCom.