. Telenor Vision has purchased 91 percent of Seth's Kabel TV FÃ¶rvaltning i Sverige AB, and 49 percent of Seth's BIT.com AB which, among others, includes the subsidiary company Seth's Antenn & Teleteknik. Following this purchase Telenor Vision will have 275,000 Swedish households as cable-TV customers.
As a result of this investment Telenor Vision is expanding its activity from that of being a program provider to the cable-TV network to that of a complete cable-TV operator in the Swedish cable-TV market. Seth’s Cable-TV company is a fully upgraded cable TV network which is able to offer its customers a broad spectrum of services. The purchase means that Telenor Vision is increasing its customer base in Sweden by 14,500 cable-TV households to a total of 275,000 households.
“The purchase is a part of Telenor Vision’s offensive engagement in the cable-TV sector. As a result of Seth’s broad knowledge and experience within cable-TV and installation activity, the purchase will mean that Telenor Vision will rapidly be able to offer full-service solutions to the market. Telenor Vision will be able to offer existing and new customers a broad basic TV channel service, a digital supplementary offer with interactive services, financing, installation and service’, Helene Rinstad, VD in Telenor Vision AB declares.
Since 1979 Telenor Vision has supplied satellite channels to the cable-TV network in the Nordic area, and is the leading distributor in the Nordic area today with more than a million households as customers. Telenor Vision is agent for satellite channels including National Geographic Channel, Eurosport, Discovery Channel, CNN, CANAL+, MTV, BBC, and many others,
Seth’s commenced activity in Gothenburg in 1975. This includes a broad product portfolio with its own cable-TV network in Gothenburg and Skania (Southern Sweden) in addition to entrepreneur and installation services which also include sale of cable-TV equipment. Seth’s Digital Teknik, DTK, commenced in 1997 and is a nationwide chain of 47 installation companies within cable-TV, networks and satellite communication.
“Through this agreement, Seth’s has the opportunity to make full use of the experience and skills within the company. The DTK-chain members are among the most reputable and experienced within the field of satellite and cable-TV installation, and cover the whole of Sweden. Our objective is that Telenor Vision, Seth’s and DTK shall provide the platform needed in order meet the requirements of today’s and tomorrow’s satellite and cable-TV customers in a fully professional manner’ says Seth Larsson, Administrative Director and founder of the companies in the Seth group.