Australia's Sports Entertainment hits 1-1/2-year high on purchase of NZ radio licences

Sports Entertainment

17/03/2021 02:24

** Shares of radio broadcaster Sports Entertainment
Group SEG.AX  rise as much as 15.4% to A$0.300, their highest
since Sept 11, 2019 
    **  Co's unit Sports Entertainment Network Pty and Sports
Entertainment Network New Zealand signed a deal to buy betting
services provider TAB NZ's 29 AM/FM radio licences across New
Zealand   urn:newsml:reuters.com:*:nASX2wf626
    ** Acquisition of radio licences also includes supporting
infrastructure and racing broadcast audio rights
    ** Stock marks biggest intraday percentage gain since Feb 22
    ** Stock up ~15.6% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))