BUDAPEST — Attempts by the Hungarian state to sell its most valuable TV asset, the broadcast tower company Antenna Hungaria, have met with dismal failure, and analysts are blaming the right-wing government of Viktor Orban.
Privatization officials admit they were unable to unload 12.45% of AH last week in an auction on the Budapest Stock Exchange, instead selling about 10%. Analysts say the entire schedule for privatizing this strategically powerful media asset has been thrown out of kilter.
AH owns and controls Hungary’s broadcast tower and primary satellite uplink facilities, an infrastructure that carries the signal of two Euro heavyweights, the CLT-Ufa net RTL Klub and SBS’ TV2.
Analysts said the Hungarian government’s plan to maintain controlling interests in AH (50% plus one vote) is scaring off strategic investors.