Polish TVN open to upping pay-TV stake - CEO

Tue Nov 3, 2009 8:23am EST
 
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(Corrects spelling of "commitment" in second paragraph)

WARSAW, Nov 3 (Reuters) - TVN TVNN.WA, eastern Europe's largest listed broadcaster, is open to raising its 51-percent stake in loss-making satellite TV platform 'n' under the right conditions, its chief executive said on Tuesday.

"A further increase in our stake in 'n' is possible if the price is right and financing conditions are right," Markus Tellenbach told reporters. "I can make no commitment on timing." (Reporting by Adrian Krajewski, writing by Chris Borowski)

 

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