Antenna Hungaria extends contracts with TV2 and RTL Klub
Thursday, July 7, 2005, 12:00
Terrestrial broadcaster Antenna Hungaria has signed long-term contracts with two
of Hungary's commercial television stations, the company announced. The contracts, with TV2 and RTL Klub, are valid until 2007. But, the TV stations also have an option to extend the contracts to 2012, if their concessions are also renewed. The new contracts are intended to make Antenna Hungaria more attractive to potential buyers, according to the announcement. A week ago, the board of Hungary's State Privatisation and Holding Company (APV) selected six of ten companies who submitted bids for a 75% plus-one-vote state-owned stake in Antenna Hungaria to participate in the second round. The bidders on the shortlist are: Swisscom, Austria's state broadcaster ORF, the Czech Ceska Radiokomunikace, a consortium including Australia's Macquarie Communications Infrastructure Group, France's TeleDiffusion de France (TDF) and Spain's Abertis Telecom. The bidders offered between Ft 18.81billion and Ft 38billion for the stake, APV said. Antenna Hungaria had consolidated net assets of Ft 23.02 billion at
the end of March according to its preliminary Q1 report. The company had revenue of Ft 21.49 billion from broadcasting operations last year, including Ft 14.39 billion from television and radio broadcasts.