M7 Group (Astorg-backed) Acquires Liberty Global's Eastern European DTH Operations

RTL Group Closes Acquisition of Sky Deutschland (DACH)

June 2, 2026

Media & Entertainment

RTL Group has completed its acquisition of Sky Deutschland (DACH), officially closing the transaction on June 1, 2026, after first being announced in June 2025. The deal combines the two media brands to create an entertainment business with about 12.3 million paying subscribers and is expected to deliver €250 million in annual synergies within three years of closing.

Liberty Global to Acquire Vodafone’s 50% Stake in VodafoneZiggo and Create Ziggo Group

February 18, 2026

Telecommunications

Liberty Global has entered into a definitive agreement with Vodafone Group to acquire Vodafone’s 50% shareholding in the Dutch telecommunications joint venture VodafoneZiggo for €1.0 billion in cash and a 10% equity interest in a new Benelux company called Ziggo Group. Ziggo Group is expected to hold Liberty Global’s interests in VodafoneZiggo and Belgium’s Telenet, with plans to list in Amsterdam in 2027 and spin off 90% of shares to Liberty Global shareholders.

United Group Sells SBB Serbia to e&/PPF and NetTV Plus (Western Balkans rights) to Telekom Srbija

February 11, 2025

Telecommunications

United Group (majority owned by BC Partners) has agreed to sell SBB doo Belgrade to e& (Etisalat) and PPF Telecom (together “e&/PPF”), and to sell its NetTV Plus business and sports broadcasting rights for the Western Balkans to Telekom Srbija. The combined transactions carry an enterprise value of €1.5 billion (implied EV/2024 EBITDAal of ~10x) and are subject to customary regulatory approvals, expected to close in H1 2025.

Orbyt Global Acquires OTESAT-Maritel from OTE Group

October 8, 2024

Telecommunications

Greek maritime satcom provider Orbyt Global has purchased OTE Group’s 94.09% stake in OTESAT-Maritel. Financial terms were not disclosed; the deal will combine OTESAT-Maritel’s s@tgate platform and expertise with Orbyt Global’s Nexus Shark III platform to expand and upgrade maritime satellite communications and digital services.

DIRECTV to Acquire EchoStar’s Video Distribution Business (DISH TV and Sling TV)

September 30, 2024

Media & Entertainment

DIRECTV and EchoStar entered into a definitive agreement under which DIRECTV will acquire EchoStar’s video distribution business, DISH DBS, including DISH TV and Sling TV, via a debt exchange transaction. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and successful completion of the DISH DBS exchange offer and pre-closing reorganization.

Canal+ (Vivendi) to Acquire M7 Group from Astorg

May 27, 2019

Media & Entertainment

Canal+ Group, a subsidiary of Vivendi, has agreed to buy Luxembourg-headquartered pay-TV operator M7 Group from private equity firm Astorg. The transaction, announced 27 May 2019 and subject to regulatory clearance, expands Canal+'s European pay-TV and OTT footprint and brings M7's ~3 million subscribers and broadband/telephony assets into Canal+'s distribution network.