Sweden's Modern Times Group (MTG) is increasing its share in Kyiv-based Vision TV Ltd., the Ukrainian operator of the international Viasat pay-to-view satellite television that belongs to MTG, to 85% via the purchase of a 35% stake from Britain's Strong Media Group (SMG).
An MTG press release issued on Monday says that the company has signed an agreement with SMG and the deal will be finalized in Q2, 2010 after receiving permits from regulators.
The value of the deal is not disclosed.
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