Media Prima Bhd
has agreed to buy Natseven TV Sdn Bhd, which owns and operates rival TV station ntv7, for RM90mil after helping the company deal with its debts.
Natseven, which will see its debt ring fenced, has net debt of RM145mil. Half the debt will be paid by the end of this year. The balance will be settled in three years, beginning in 2006.
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