MTG has recorded increased profits of 12%, despite costs relating to its failed merger with TDC, and ongoing separation.
Nordic Entertainment Group (NENT Group) will operate as a separate organisation from July 1, prior to its proposed listing on Nasdaq Stockholm later in the year.
MTG has increased its ownership in Zoom.in Group BV (Zoomin.TV) from 51% to 100% by acquiring the remaining 49% of the company from Adversa Media Groep BV.
Modern Times Group (MTG) has completed the sale of its 75% stake in Trace to TPG Growth for €30 million, or approximately SEK313 million, in cash.
Ahead of the spin-off of its Nordic Entertainment Group, MTG has reported record sales of SEK 4,674 million, the seventh consecutive Q1 where there has been organic growth of 5%.
Following the announcement of the process to initiate a split of MTG into two companies, the Nordic Entertainment Group leadership team has now been established.
Every Viaplay customer now spends an average of 32 hours a month viewing content on MTG’s Nordic video streaming service – a 25 per cent increase between 2016 and 2017.
Modern Times Group (MTG) has signed an agreement to sell its 95% stake in Nova Broadcasting Group in Bulgaria to PPF Group, the investment group majority owned by the Czech billionaire Petr Kellner.
Danish operator TDC said a consortium of pensions companies PFA, PKA, ATP, and Macquarie Infrastructure and Real Assets, has decided to launch an improved take-over offer for it for an all-cash consideration of DKK 50.25 per share.
The merger between Modern Times Group’s Entertainment and Studios businesses and Danish telco TDC is off before it was hardly on.