The Commission for the Protection of Competition decided that the channel distribution agreement between LTV and Multichoice Holdings (Cyprus) Ltd (MCC) was in violation of competition laws, but a final decision on how the agreement should be terminated will taken on June 6, 2006. LTV dominates the pay-TV market in Cyprus with some 60,000 subscribers,

Six leading mobile phone operators in Europe have agreed to halve the price of average wholesale roaming tariffs in a move which follows pressure from the European Commission to cut rates or face legislation. The decision is expected to result in a big fall in the prices consumers pay for making and receiving calls when

LTV announced that the public offer made for the acquisition of a minimum of 25% and a maximum 100% of the share capital of Multichoice (Cyprus) Pcl (MCC) has been accepted by 27% of MCC’s shareholders until 30 May. LTV had previously reduced the minimum number of MCC acceptance rate to 25% from 40% and