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Royal buys out One TV to focus on distribution


geovalin

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Cambodian conglomerate Royal Group has acquired the remaining shareholding of One TV from Russian-owned General Satellite Group in a move to boost the distribution of Cambodia’s niche pay for digital terrestrial television (DTT) market.

While financial details of the transaction were not disclosed, Mark Hanna, chief financial officer of the Royal Group, said yesterday that the deal was solidified last Thursday.

Established in 2012, One TV was General Satellite’s first foray into the international market that aimed to establish a footprint for TV digitalisation using in-house technologies in developing countries.

read more http://www.phnompenhpost.com/business/royal-buys-out-one-tv-focus-distribution

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