In a few days? time Globosat will complete the sale of its equity holding in Premium TV, a venture that franchises premium programming in Portugal.
More accurately, the holding is being sold by Portosat, jointly controlled by Globosat and SIC, which is also leaving. The buyer is TV Cabo Portugal, the majority shareholder in Premium TV.
Globo is already on record as wanting to sell its stake in SIC, Portugal?s second-ranking TV broadcaster after RTP.
Both transactions are part of Globo?s restructuring program across all businesses.