Asset Media completes CBN SAT transaction

ACQUISITION: Dialog Telekom and its subsidiary Asset Media (Private) Limited, has completed the acquisition of Communiq Broadband Networks (Private) Limited and CBN Sat (Private) Limited (hereinafter collectively referred to as "CBN SAT").

Following the completion of the acquisition of CBN SAT by Asset Media, the Direct to Home Satellite TV operations of CBN SAT will commence under the management of Asset Media, the Television Broadcasting subsidiary of Dialog Telekom Ltd.

Asset Media sources confirmed that transmission of CBN SAT services would commence in test transmission mode on December 2 and would be uplifted to full commercial operations within a few days.

Dialog Telekom termed the acquisition of CBN SAT as a key milestone in the group's strategy of achieving a quadruple play (Mobile, Fixed, Broadband, Television Media) product proposition for Sri Lankan consumers.

This will result in Dialog Telekom making transformational investments in Digital Broadcast infrastructure targeting digital terrestrial broadcast, Direct to Home (DTH) and Mobile Television service provisioning", a company source stated.