Bloomberg News

TVN Cutting Debt on Onet Would Be Positive to Moody’s

May 18, 2012

(Corrects headline and first paragraph to show that Moody’s outlook is conditional.)

Plans by TVN SA (TVN), Poland’s second- largest television broadcaster, to sell its Internet unit Onet and use the proceeds to repay debt would be “credit positive,” Christian Azzi, an analyst at Moody’s Investors Service analyst, said by phone from London today.

TVN’s sale of Onet “makes sense” as it’s not part of the company’s core business, Azzi said.

To contact the reporter on this story: Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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