upc cablecom continued its strong growth trajectory in the fourth quarter of 2012: The company acquired a total of 54,800 new subscribers in premium TV options, Internet and telephony. These services grew by 206,000 subscribers throughout the whole of 2012. Switzerland’s biggest TV provider can also look back on a strong year financially. Revenue increased […]
Cable Europe, the trade association for the European cable industry, today celebrates consolidation and the role it plays in building strong cable players, stimulating healthy infrastructure and promoting competition ahead of its annual flagship industry gathering. In keeping with the spirit of Valentine’s Day and ahead of Cable Europe’s annual conference with 69 per cent […]
Vodafone is said to be considering a bid for Kabel Deutschland, Germany’s largest cable operator. The UK MNO will table a proposal before the end of the week according to unnamed sources in the FT. Shares in Kabel Deutschland rose 12 per cent to €71.40 in Frankfurt, valuing the company at more than €5.6 billion. Vodafone […]
In a move not anticipated for several months, Comcast Corporation is to acquire industrial conglomerate GE’s entire 49 per cent common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. NBCUniversal will also purchase from GE the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, NJ for […]
Belgian cable company Telenet will distribute €950 million to its shareholders this year after a strong year in which customers flocked to its new mobile offering. Telenet, in which US group Liberty Global has a 58.3 per cent stake, said it would pay shareholders 7.90 per share and buy back shares worth an additional €50 […]
Matthias Kurth, Executive Chairman of trade body Cable Europe, has suggested that the cable industry is well positioned to play a role in the delivery of OTT services and would continue to work to make the connected TV an important part of the cable experience. Speaking to the Cable Congress blog in the run-up to […]
Less than 24 hours after reports emerged that the pair were in discussion over a proposed sale, Liberty Global and Virgin Media have entered into an agreement, subject to shareholder approvals, which will see Liberty Global will acquire Virgin Media in a stock and cash merger valued at approximately $23.3 billion. Under the terms of […]
Virgin Media boss Neil Berkett is to quit once the Liberty Global deal wraps. He told analysts on a conference call that he isn’t very good at being Number Two in an organisation. Liberty also confirmed Virgin would be re-domiciled to the UK and the parent company will be a UK PLC. The combined Liberty/Virgin […]
Liberty Global CEO Mike Fries told analysts the newly enlarged Liberty Global had no intention of sparring with BSkyB over content rights. “Neil’s [Berkett, Virgin CEO] has done a great job with building a strong relationship with Sky that is not based on personalities or drama,” he said. “The result of that relationship is a […]
Virgin has reported that total revenue for 2012 was up 2.7 per cent to £4.1 billion (€5.06bn), and up 1.6 per cent to £1,040 million for the quarter. Operating Cash Flow was up 4.0 per cent to £1.654 billion and net cash provided by operating activities was £1,040 billion for the year. The average number […]