October /November 2005
October /November 2005
Elefante TV S.p.A. and Delta TV S.r.l. Transaction
On October 28, 2005 and November 4, 2005, respectively, TI Media purchased the following assets from Elefante TV S.p.A. and Delta TV:
- all assets and activities related to television broadcast operations, such as television channels and frequencies
- the "Elefante TV" brand name
- various machinery and equipment, satellite dishes, antennas, radio bridges, repeaters, and other assets used in television broadcasting, both analog and digital
- contracts concerning the hosting and maintenance of television broadcasting plant and all rights, authorizations, licenses and concessions (including the concession granted by the Ministry of Communications on July 28, 1999) related to such operations.
Through these acquisitions, TI Media took over Elefante TV's central government concession for private television broadcasting on terrestrial frequencies in Italy, including authorization for digital broadcasting, and increased its coverage in Italy by taking over the network assets of Delta TV, including its systems and frequencies.
Delta TV operates in Central-Southern Italy. These acquisitions allow TI Media to cover with additional frequencies approximately 70% of the population of Italy, which will allow TI Media to expand both its analog and digital television product offerings, in addition to TI Media's already existing frequencies which covered approximately 82% of the Italian population.
Press releases
29 April 2005 - 7:41 PM - Friday
› LA7 agrees €115.5 million deal with Elefante TV SpA to take over the national television broadcaster