Category archives for: Business

Comcast drops Time Warner merger


Comcast has pulled its $45 billion bid for Time Warner Cable after failing to convince regulators that a deal that would have been beneficial the US media and Internet landscape. The end to the 14-month attempt to combine the two largest US cable and Internet providers came after comms regulator the FCC recommended a lengthy procedural hearing that looked likely to […]

Telefónica-Canal Plus takeover approved

The acquisition by Telefónica of a 56 per cent stake in pay-TV platform Canal Plus has been approved by Spanish competition authority CNMC, albeit with several conditions. Telefónica will have to open up 50 per cent of its premium TV content to other operators with exclusive TV rights to sports (football) and cinema and TV series being reduced from three […]

Google Q1 boosted by YouTube ads


Google reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar. Revenue for the quarter that ending March rose 12 per cent to $17.26 billion, from $15.42 billion a year earlier. “Excluding the net impact of foreign currency headwinds, revenue grew a healthy 17 per cent year on year,” Google Chief Financial […]

Liberty Global: Target share price $59

Liberty Global  is expected to unveil its Q1/2015 results on May 7th and one investment banker has issued a report with a share-price target for the MSO of $59 (currently around $52) and helped by steady revenues (expected to be some $4.57 billion) and up about 3.8 per cent y-o-y. Investment house Jefferies, in its note to clients, says that […]

ARRIS buys Pace for $2.1bn


In a further consolidation of the broadband and pay-TV technology sector, ARRIS is buying Pace for $2.1 billion (€1.96 billion) in cash and stock. The acquisition is expected to be accretive to ARRIS Non-GAAP earnings per share in the first 12 months following the acquisition. Arris acquired the Motorola Home business from Motorola Mobility in December 2012 for $2.35 billion […]

StarSat goes off air

South Africa’s struggling pay-TV service StarSat went off air on April 19th. Local reports state that the service has been affected by a problem at the uplink site “in Slovenia” where there had been a fibre break. However, this is somewhat confusing given that most of the StarSat (which used to be known by its TopTV brand, and On Digital […]

Sony raises forecasts again


Consumer electronics giant Sony has raised its earnings estimates for the second time in three months, citing higher than expected sales of video games and digital cameras, and possibly turning a corner in its flagging fortunes. Sony said it “probably” made an operating profit of 68 billion yen ($569 million) in the year ended March 31st, compared with 26.5 billion […]

China: iflix raises $30m

Chinese VoD streaming service iflix has agreed a $30 million round of funding with international investment firm Catcha Group and Philippine Long Distance Telephone Company (PLDT), Philippines’ leading telco. According to a company statement, the fund will be used to launch iflix to key Southeast Asian markets such as Malaysia, Thailand, Philippines, Indonesia, and Vietnam throughout 2015. Furthermore, it will […]

Ericsson Q1 stumble


Ericsson has reported an unexpected fall in profits as infrastructure spending by MNOs in the North American market remained slow and fierce competition affected margins elsewhere. While sales in China were up as build-outs of new networks there gather pace, Ericsson’s overall operating profits in the first quarter fell, weighed down by the lower margins in Asia. Ericsson said fast-rising […]

Sky Italia best Q3 for 3 years


Sky Italia saw growth during Q3 – and the first real progress of note for 3 years – reporting a net subscriber growth of 12,000. The improvement reversed a net loss of customers last year and helped increase the Italian’s pay-TV broadcaster’s total customer base to 4.75 million. Sky Italia, along with Sky UK and Sky Deutschland, saw extremely good […]

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