The two commercial French television stations, TF1 and M6 are set to complete their takeover of the country’s second largest satellite operator, TPS.
The duo are buying the 25% stake of the company owned by the utilities group, Suez for E160 million. TF1 will now have a two-thirds share in TPS with M6 owning the remainder.
Observers anticipate further consolidation in the French satellite sector with the predicted merger of the indebted market leader CanalSatellite, currently owned by Vivendi Universal and Lagardere.
