Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

Dutch UPC firm gets nod for Slovakia cable TV buy

Dutch-based cable television firm United Pan European Communications said on May 25 it had received regulatory approval to seal its buy of a 95.63% stake in Slovakia's SKT cable television firm from Siemens Austria.

UPC said in a statement it paid $41 million, or 37 million euros, for the deal, which will make it the largest cable operator in the Slovak Republic. SKT was the largest cable television provider in the Slovak Republic, with around 156,000 subscribers, UPC said.

"The completion of the purchase of SKT is an important step for UPC as we seek to extend our network in central and eastern Europe," the statement said. UPC said it now has about 750,000 homes in central and eastern Europe connected to its network.

The company was recently floated in Amsterdam and on Nasdaq. United International Holdings retained a majority stake.

Top stories

Daughter to father: I’m going to kill you

Children are often manipulated against their parents while authorities decide about divorces and custody.

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Bratislava’s main railway station is getting a face lift

The derelict station still has to wait for its complete rebuild though.

The main railway station in Bratislava.

Education Ministry ready to sign for controversial project

The inspection of the procurement authority has not revealed any obstacles to signing a deal over securing better internet connection for schools, but non-governmental organisations point to unanswered questions.

Illustrative stock photo