Vietnam Satellite Digital Television Company (VSTV) announced on 8/12 that it would cease its paid television services under the K+ brand. Existing K+ receiver and satellite dish users will still have access to 10 VTV channels and other local free-to-air channels broadcast via satellite.

Subscribers with payments extending beyond 31/12/2025 can request refunds via the K+ website. VSTV confirmed that all confirmations and payments will be completed in January 2026.

This announcement follows FPT Play's disclosure that it secured exclusive broadcasting rights for the Premier League in Vietnam for the 2026-2031 period. These rights will be effective from mid-2025-2026 season until the end of the 2030-2031 season.

K+ television's announcement of ceasing broadcasts from 1/1/2026.

"For over 16 years, K+ has become a cherished memory for the Vietnamese people. We extend our sincerest gratitude to our valued customers," VSTV stated in its announcement.

Established in 2009 as a joint venture between VTVcab and France's Canal+, VSTV was a pioneer in providing satellite paid television services and previously held the broadcasting rights for the Premier League in Vietnam.

However, K+ television's business operations faced significant challenges. VSTV previously indicated that it consistently operated with a capital shortage, with initial contributed capital being less than half of its total needs. Consequently, VSTV largely relied on borrowed capital, incurring substantial financial costs.

In 2013, VTVcab's stake was transferred to VTV. The company's charter capital stood at 20,1 million USD, with VTV holding a 51% stake and Canal+ owning the remainder. Vietnam Television also planned to divest its capital in K+ but was unsuccessful.

Before ceasing broadcasts, K+'s system included dedicated sports channels like K+Sport1 and K+Sport2, entertainment channels such as K+Cine and K+Life, and the children's channel K+Kids. In addition to the Premier League, VSTV had also acquired broadcasting rights for various top global sporting events, including UFC, F1, and the Australian Open.

Anh Tu