DTT pay-TV operator Boxer TV has been acquired by the South Jutland energy company SE, the owner of Denmark’s second largest cable TV company Stofa.
Teracom is selling the Danish part of Boxer to the utilities company, after having sold the Swedish operations of Boxer to operator Com Hem last September.
Boxer is delivering TV via DTT to 280,000 Danish households, while Stofa has approximately 380,000 TV customers through its cable and fibre networks, bringing the total reach of the two operators to around 660,000 TV customers.
“The TV market in Denmark is undergoing significant change, and competition is intense for all market players. With the acquisition of Boxer TV we will be even stronger in the competition. We are two companies based on a common ambition, which is about to be frontrunners for a freer TV choice. But we also share the ambition to reach across Denmark – also in sparsely populated areas. the common direction binds us together, and the line we will both Stofa and Boxer TV continue to work for,” said Niels Duedahl, managing director SE.
“We have taken a clear position in the market by offering customers a free channel choice and it has given us a record-high customer satisfaction. I welcome that Boxer now become an important part of SE-term growth strategy, and that we with SE gets an owner with some clear values that we can fully identify with. We have built a strong foundation, and we believe the new ownership, and family community with Stofa, will give us better opportunities to exploit, to the delight of Boxer and for the benefit of consumers,” added Ulf Lund, managing director Boxer.
