CMS has advised Canal+ Luxembourg S.àr.l. and its Hungarian subsidiaries, Eviso Hungary Kft. and Canal+ Distribution Hungary Kft., on the sale and purchase agreement of the Hungarian satellite customer base Direct One to DIGI Távközlési és Szolgáltató Kft., a subsidiary of 4iG Plc. The agreement also includes the optional sale of the cable TV portfolio, subject to the consent of local operators.
Canal+ Luxembourg S.àr.l. is Europe's largest broadcast satellite pay TV platform, offering tailor-made packages in the countries where it operates and high-quality streaming TV services. It serves approximately 155,000 satellite customers in Hungary under the Direct One brand.
The transaction is expected to close in the fourth quarter of 2024, subject to the approval of the Hungarian Competition Authority (GVH).
The CMS team was led by Eszter Török (Corporate), and included Dóra Petrányi and Péter Homoki (TMIC); and Szabina Marsi and Orsolya Pass (Corporate).
