Waipu.tv: Freenet is likely to put the IPO of its own TV service on ice for the time being
Mobile phone provider Freenet raised the possibility of an initial public offering of its pay-TV division Waipu.tv in the spring. These plans now appear to be off the table for the time being.
Freenet has reportedly put on hold its plans for an initial public offering of its Waipu.tv division. According to people familiar with the matter, the company is now exploring alternative options and attempting to acquire the remaining shares of Waipu.tv, which it already controls around 75% of. Freenet had previously considered strategic options for Waipu.tv, including a possible IPO, but has not commented on market rumors.
Waipu.tv has nearly 2 million paying subscribers and offers access to over 300 TV channels and a library of over 40,000 films and series.
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