It clears the way for TV3’s expansion in the Irish market.
Virgin Media have received approval to move ahead with the purchase of UTV Ireland.
The deal will cost €10m and includes a 10-year output deal in Ireland for programming produced by ITV in the UK. #
The move follows Virgin’s takeover of TV3 in 2015.
“The purchase of UTV Ireland is good news for viewers and will support TV3 to further compete against significant local and international competition,” TV3 managing director Pat Kiely said.
Tony Hanway, Chief Executive of Virgin Media in Ireland, added: “This follows our acquisition of TV3 last year and we look forward to playing an even bigger role in the Irish broadcasting sector.”
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