Telenor Group says it is aiming for significant savings across all functional cost areas between now and 2020. At its half-year results the Norwegian telco giant said it was looking for 27 per cent reduction in head office support functions starting next year and reaching their full effect in 2019. Additionally, a 20 per cent […]
UK Internet users will have to prove they are 18 before being allowed to access adult websites from next year, following a new government ruling. Websites will be legally required to install age verification controls come April 2018 as part of a move to make the Internet safer for children. Users may be asked to […]
AsiaSat of Hong Kong has refinanced $220 million (€192m) of long-term loans and revolving credit. The new facility replaces a $240 million borrowing already in place. The borrowing has a 5-year term, which is the same as the previous borrowing negotiated in June 2015. The new terms were negotiated with Cathay United Bank Co., Ltd., […]
Having confirmed on June 26th that it was in discussions regarding such a move, multinational cable, fibre, telecommunications, content and media company Altice has entered into a definitive agreement with Promotora de Informaciones, S.A (Prisa) to acquire Prisa’s 94.7 per cent stake in Media Capital SGPS, SA (Media Capital). Media Capital is a leading Portuguese […]
In 2014 Elon Musk’s SpaceX rocket business won 20 per cent of the Global Commercial market for launches during the year, and where supply had typically been dominated by Europe’s Arianespace with 45 per cent of launches during the year. This current year SpaceX claims to have secured 45 per cent of the available contracts, […]
Roku has hired investment banks to lead an IPO that could launch later this year as it aims for a valuation in excess of $1 billion, according to reports. The streaming software and device manufacturer has been able to capitalise on cord-cutting, an increasing trend in the US where TV viewers have opted not to […]
French telco Altice-SFR has revealed plans to fibre the entire French territory with no public money, which it says will make it possible to achieve the French President and Government’s goal of giving access to high-speed broadband throughout France. Altice-SFR’s contribution to the State’s deployment programme is reflected in the creation of Altice Infrastructures, a […]
Perhaps if 21st Century Fox’s bid to mop up Sky Europe fails, Rupert Murdoch will focus instead on India, where 21st Century Fox owns a 30 per cent stake in the TataSky joint-venture and DTH platform. India’s Television Post is reporting that exploratory talks have been held between TataSky and Bharti Airtel’s DTH operation about […]
In its response to the UK Government’s consultation into public service broadcaster Channel 4’s future, Pact – the UK trade association representing and promoting the commercial interests of independent creative content producers – has called for the broadcaster to up its investment in programmes made in the nations and regions to 50 per cent. This […]
UK comms regulator Ofcom has announced how infrastructure unit Openreach will be held to account, as it becomes legally separate from BT, to ensure it delivers for phone and broadband users. Ofcom expects the reformed Openreach to engage with industry to deliver widespread fibre networks, offering fast, reliable broadband. The new company should provide a […]