Reports out of Moscow say that struggling launch operator Sea Launch is either up for sale or is seeking an investor to take over a portion of the business. Russian news agency TASS says that Sea Launch’s running costs are around $30 million annually. Sea Launch provides an assembly and floating launch platform (a converted […]
Communications technology specialist ARRIS Group has confirmed that the US Department of Justice has closed its investigation, without condition, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for ARRIS’s proposed $2.1 billion (€1.96bn) acquisition of digital TV and broadband technology solutions provider Pace plc. ARRIS and Pace have previously received the required clearances from regulators […]
Spain’s Regional Basque Country-based cable operator Euskaltel has launched a share issue estimated at €255 million to help pay for its €1.19 billion acquisition of R Cable, which operates mainly in the northern region of Galicia. Euskaltel will issue over 25.3 million new shares as part of the planned capital hike, which combined with new […]
French media and TV group NextRadio TV, which owns news and discovery channels BFM TV and RMC Découverte, has received approval from French TV and competition authorities (the Conseil Supérieur de l’Audiovisuel et Autorité de la Concurrence) for its planned takeover by multinational cable, fibre, telecommunications, content and media company Altice. On July 27th, Alain […]
In a move designed to accelerate its collaboration strategy to deliver video everywhere, Cisco is set to pay $700 million (€659m) to acquire Acano, a privately held company based in London that provides collaboration infrastructure and conferencing software. Acano’s hardware and software includes gateways, and video and audio bridging technology that allows customers to connect […]
The publisher of the UK’s Radio Times and Top Gear magazine is making its first move into television buying TV shopping channel Jewellery Maker. Immediate Media bought the channel, which is on 24 hours a day on Sky, Virgin, Freesat and Freeview, to expand its reach into the lucrative £3 billion (€4.2bn) market for hobby […]
High profile acquisitions and market consolidation will fundamentally change the telecoms and tech market in the next few years as companies such as BT, Google and Apple makes steps to dominate, according to global analyst firm CCS Insight’s 2016 predictions report. With multi-play services at the heart of a booming tech industry and heightened competition […]
Technicolor has completed its $600 million cash and stock buy of Cisco Connected Devices; set-tops, cable modems, gateways and other CPE. The deal is part of another round of consolidation in the set-top box market, and comes amid Arris’s pending merger with Pace Plc. Arris and Pace are currently the top two set-top makers based […]
CNMC, the Spanish competition watchdog, has fined Atresmedia €2.8 million for failing to meet the government-imposed conditions approved in 2012 on the merger between Antena 3 and La Sexta. According to the CNMC, Atresmedia has broken the merger conditions concerning the advertising market between October 2012 and February 2014 and the acquisition of TV content […]
John Malone’s Liberty Global is acquiring Cable & Wireless Communications (CWC) in a cash-and-stock transaction valued at $5.3 billion (€4.9bn). The purchase extends Malone’s cable empire deeper into Latin America, where he created a tracking stock in July called LiLAC for Liberty Global’s assets in Chile and Puerto Rico. Malone, who spent more than $50 billion […]