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Telekom Selling Planet TV and Seeking Strategic Partner For TSmedia

Earlier this year, the state-owned telecommunications operator Telekom was unsuccessfully seeking to recapitalize its television company Planet TV. If anyone responded to the invitation for recapitalization, they will be able to get a maximum stake of 49% in the company, which Telekom estimated at around EUR 5 million.) Telekom has thereafter amended the conditions of the initiated procedure, namely to change it to the sale of 100% share in the Planet TV. In 2019, Planet TV had approximately EUR 14.5 million in revenue and a net loss of EUR 1.7 million. Their plan, unofficially, predicts a…