UTV completes sale of TV business, changes name to Wireless Group

Wireless Group will now focus on radio

UTV has changed its name to Wireless Group and will now focus on radio

UTV Media said it has successfully completed the sale of its television business to ITV and will change its name to Wireless Group with immediate effect.

The company said it expects to receive around £98 million (€125 million) from thesale and plans to return around £55 million toshareholders in two stages.

Wireless Group will now focus on its radio business which includes talkSPORT, 12 local radio stations in the UK and seven stations ...