The Otago Nuggets National Basketball League side has been acquired by Sports Entertainment Network New Zealand (SENZ).
SENZ launched in New Zealand earlier this year on 28 frequencies and is a subsidiary of Australian parent company - Sports Entertainment Group Limited.
SENZ chief executive Jodie Simm says the expansion into the NBL means the network can better connect with local communities as it continues to build its profile in New Zealand.
"Our business has long championed local content for local fans and that’s exactly our plan with the Otago Nuggets," Simm says.
"We are committed to the Otago Nuggets team staying in Dunedin and maintaining a strong connection with the Otago community.
"We support the resurgence of basketball in the region and will continue to support grassroots participation with our involvement in the Nuggets."
SEN Australia owns the Australian National Basketball League's Perth Wildcats, having completed the purchase earlier this year.
"This new ownership will bring greater commercial opportunities and operational support to ensure the sustainability of the team in the league, which is great for our players and our fans," says Otago Nuggets general manager Angele Ruske.