A combination of in-depth regional knowledge, expertise in the communications industry, and a hands-on approach to company management underpinned Mid Europa’s investment in Czech television and radio broadcaster České Radiokomunikace (CRa) in 2006. Private equity helped recruit a high calibre management team and streamlined and reorganised the business that now reaches over 99% of Czech households.
In doing so, Mid Europa and CRa have set the standard for similar broadcasters across the region for operational efficiency and financial performance. During the firm’s ownership, CRa invested in digitising the terrestrial television networks, disposed of non-core retail operations and focused on the central broadcast business. The company was sold to specialist infrastructure investor Macquarie in 2010.
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