TvNetWork IPO set for August 7
Cable television and internet service provider TvNetWork Nyrt will float its shares on the Budapest Stock Exchange (BÉT) on August 7, the bourse announced on Thursday.
The State Financial Supervisory Authority (PSzÁF) approved the company's prospectus at the end of June. TvNetWork had profit of Ft 16 million on revenue of Ft 1.455 billion in 2005, the prospectus shows. Profit fell 86.4% and revenue rose 57.6% from a year earlier.
TvNetWork has more than 30,000 cable television subscribers and more than 25,000 internet subscribers.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.