LTV said effective Friday July 7 it has terminated the transmission of the LTV channel from NOVA Cyprus, but there are no problems with the analogue customers. The above termination became imperative as a result of the unreasonable refusal by Multichoice Hellas SA, owners of NOVA Cyprus, to pay to LTV fees due for the months of April and May.
LTV has formally requested payment of these fees - in excess of CYP 500,000 - with no success with the result that LTV has been forced to cancel the Agreement for the Supply of Audiovisual Content with Multichoice Hellas SA.
The financial assault on LTV by Multichoice Hellas SA is without precedent and aims to serve its own objectives without taking into consideration the thousands of LTV subscribers, LTV said.
For the above reasons LTV asks its subscribers, despite their inconvenience, for their understanding and support. LTV will very shortly announce plans that will relieve the problem created by
Multichoice Hellas SA and that will satisfy the thousands of its subscribers.
Despite the fact that the termination of the transmission of the LTV channel from NOVA Cyprus is totally due to Multichoice Hellas SA, LTV feels obliged to apologise to the thousands of its subscribers for their inconvenience. Especially since the affected subscribers have already paid their subscription to Multichoice Hellas SA and are now inconvenienced as a result of Multichoice Hellas SA not paying fees to LTV out of the already collected amounts.
Fully aware of the problem created by the above action of Multichoice Hellas SA, LTV is now proceeding to enter into appropriate agreements with other Cypriot companies that operate platforms of television content distribution in order to distribute the LTV channel via these
platforms.
LTV subscribers that pay their subscription to MULTICHOICE CYPRUS PUBLIC COMPANY LTD are not affected by the above termination and will continue to enjoy the LTV channel from their analogue decoders.
Following the cancellation of the above agreement LTV has instructed its legal advisors in Greece to file a suit against Multichoice Hellas SA, for all due amounts exceeding CYP 900,000 that arise from subscriptions collected by Multichoice Hellas SA and not paid to LTV, as well as for damages arising from the above violations by Multichoice Hellas SA
Now I am glad I went with Mivision. I was thinking to put Nova because they show Cypriot championship but I didn't. Maybe now the Mivision - LTV deal will go ahead and we will watch the Cypriot championship from Mivision next season
