UTV buys The Wireless Group

Ulster Television has bought The Wireless Group for nearly 100 million. Rumours have been circulating for many months but a deal was agreed over the weekend.

UTV’s offer for The Wireless Group was first published on RadioToday on Saturday, and was pitched at 91p per share. TWG own many ILR stations in the UK including Wish FM in Wigan, and Swansea Sound and national station talkSPORT.

UTV already owns several radio stations including Q102 and Limerick’s Live 95FM, and is expanding into Britain and Northern Ireland with this deal. The full price offered is 98.2 million pounds sterling.