EU – Baltic States, Latvia, Legislation, Markets and Companies, Mergers and take-overs, Telecomunications
International Internet Magazine. Baltic States news & analytics
Thursday, 26.05.2016, 07:43
MTG completes acquisition of LNT
The Group will now assume management control of the LNT business, and will consolidate the operations’ results from today. The results for LNT will be reported as part of the Group’s Baltic free-TV operations, which are included in the ‘Baltics, Czech Republic and Bulgaria’ line of MTG’s quarterly financial reporting matrix, reported BC head of corporate communications & planning at MTG Matthew Hooper.
LNT is the second largest free-TV operator in Latvia, and broadcasts national channel LNT, Russian language channel TV5 and entertainment channel Kanals 2.