Graff Pay-Per-View Inc. signed a letter of intent to acquire an interest in HVC Ltd., a United Kingdom pay television programming firm.
Graff said the agreement will give it the exclusive right to acquire the remaining equity of HVC Ltd.
A spokesman for the company said completion of the transaction is expected by Dec. 31. Terms were not disclosed.
Graff owns and operates two satellite-delivered 24-hour-a-day television networks.