Poland’s second largest cable operator Vectra has acquired a majority (66.5%) stake in SGT, a company which operates under the brand name Jambox and provides pay-TV channels to ISPs.
According to Rzeczpospolita, the transaction was worth PLN34.89 (€8.10) per share, valuing a 100% stake in SGT at PLN73.3 million.
Quoting Vectra’s president Tomasz Zuranski, it adds that the transaction will see IPTV added to its business portfolio.
SGT has capital links with Grupa 3S, a company that builds fibre networks and provides telecom services, but is autonomous.
It will retain its name, as will Jambox.
All told, the latter offers pay-TV services to 287 ISPs serving over 55,000 subscribers.
