STOCKHOLM, Sweden, Aug. 30, 2002 (PRIMEZONE) -- Following the recent media speculation, Modern Times Group MTG AB, wishes to clarify that it retains its broadcast license in Russia for the DTV station.
MTG confirms that the license is up for renewal by the end of October 2002 and that this may lead to a competitive tender process. MTG was aware of this situation at the time of acquiring 75% of DTV. A competitive tender has not been officially announced at the present time.
For further information, please visit www.mtg.se, email info@mtg.se, or contact: Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50 Investor & Press Relations tel: +44 (0) 20 7321 5010