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Eutelsat has sold the KabelKiosk platform of digital channels and interactive services for cable and IPTV networks in Germany to M7A Group.
M7A Group is an affiliate of M7 Group, one of the fastest growing operators of TV platforms in Europe and is particularly well positioned to ensure KabelKiosk’s continuing development, including the launch of its new IPTV and OTT video delivery platforms, according to Eutelsat.
The transaction includes a long-term agreement for the lease of multiple transponders at Eutelsat’s 9° East orbital position. Eutelsat will also continue to provide uplink services for the KabelKiosk platform from its teleports in Italy and France. Eutelsat and M7 Deutschland have moreover agreed they will establish a strategic partnership for connected TV, combining broadcast and on-demand video services.
Michel de Rosen, Chairman and CEO of Eutelsat, said that having built a strong video distribution platform in Germany it was now time for a new shareholder to drive KabelKiosk forward as it embarked on a new chapter of expansion. “Following the recent launch by M7 of its new Hungarian pay-TV venture from our 9 degrees East video neighbourhood, the transaction announced today strengthens our relationship with the M7 group of companies. I take this opportunity, on behalf of all at Eutelsat, to express our appreciation to the KabelKiosk team, led by Martina Rutenbeck and Alessandro Lanfranconi, for the energy and dedication they have applied to building a vibrant business that is well positioned to move ahead with its next phase of growth.”
Kees Färber, Managing Director of M7 Deutschland, described the acquisition as “an excellent opportunity” to enter into the German market for TV platform operators. “We are confident that KabelKiosk will further grow its existing cable business, as well as achieve additional growth through the exciting new opportunities provided by the new IPTV and OTT delivery platforms,” he added.
Martina Rutenbeck, Managing Director of KabelKiosk, said that by leveraging M7’s significant expertise in platform operations, the operation was well positioned to continue to expand its cable activity and, at the same time, to accelerate its diversification into IPTV/OTT service provision.
KabelKiosk generated approximately €25 million of revenues in Eutelsat’s 2012-2013 financial year. The terms of the sale agreement remain confidential. Subject to regulatory approvals and other customary conditions the transaction is expected to close in July 2014.