Eutelsat is looking to exit from Hispasat, and sell its 33.69 per cent stake. However, it has hit a major hurdle with 57 per cent majority owner Abertis Group saying that Eutelsat’s ‘Put’ option (which requires Abertis to buy its stake) is not valid. Eutelsat has had this option in place since 2008. Paris-based Eutelsat, […]
Netcracker Technology, a wholly owned subsidiary of NEC Corporation, has completed the acquisition of CoralTree Systems, a leading provider of converged solutions for European service providers. The acquisition includes CoralTree’s technology solutions and resources in systems integration, business operations support and other professional services. CoralTree’s solutions also include technology assets in video activation, BSS and […]
Following earlier reports that cable MSO and content investor Liberty Global was interested in acquiring free-to-air general entertainment channel UTV Ireland, its wholly-owned subsidiary Virgin Media has entered into an agreement with ITV plc to acquire the commercial broadcaster for a purchase price of €10 million. The agreement also includes a comprehensive 10-year output deal […]
London-based satellite operator is up for sale. A statement from the troubled company said it was conducting a wider “strategic review” to explore a number of options including a corporate transaction such as a merger with, or offer for the company by a third party of a sale of the business. Shares in Avanti rose […]
Swedish telco Com Hem has reported second quarter revenues of SEK 1,300 million (€137.5m), up 4.3 per cent, while operating profit increased by 5.5 per cent to SEK 192 million. Com Hem also reported it added 6,000 subscribers in Q2, taking its installed base to a new high of 926,000. Anders Nilsson, CEO, Com Hem, […]
US antitrust authorities, the Department of Justice and the Federal Trade Commission have all granted approval for the Rovi $1.1 billion (€0.9bn) acquisition of TiVo to go ahead. Shareholders in the two businesses still have to give their formal approval to the deal, which is expected to close during Q3 this year. As announced on […]
The Ultimate Fighting Championship (UFC) has been sold for approximately $4 billion (€3.6bn) to a group of owners, including WME-IMG as well as private equity firms Silver Lake, Kohlberg Kravis Roberts and Michael S. Dell. The company held its UFC 200 pay-per-view event on July 9th, which it expects to be a record-breaker in terms […]
Amino Technologies, a UK-based specialist in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, has published unaudited consolidated results for the six months ended May 31st 2016. The company reported revenue of £33 million (€38.7m), up by £15.1 million after y-o-y growth of 84 per cent. Gross profit was up 58 per […]
Video processing software solutions provider Anvato is joining the Google Cloud Platform set up. Alper Turgut, CEO, said that Anvato would continue to deliver the full range of video processing software solutions for pay-TV operators, programmers, broadcasters and live event producers, and would do so on the Google Cloud Platform infrastructure. “We are grateful to […]
In a move that expands its portfolio of end-to-end content protection security solutions, enriching the existing offer to content owners and pay-TV operators, the Kudelski Group has announced the acquisition of 100 per cent of NexGuard Labs BV (formerly Civolution BV), a specialist in digital content watermarking solutions. Terms of the transaction were not disclosed. […]