Category archives for: Business

Eutelsat hamstrung by French tax rates

Investment bank Berenberg, in a 10-page report on satellite operator Eutelsat, says it is increasingly difficult to accurately compare and contrast Eutelsat with its Luxembourg rival SES. The bank’s headline advice is for investors to “HOLD” their positions in Eutelsat despite the operator paying “well over two-times the tax rate of SES” and also having an above sector average exposure […]

French 700 MHz auction set for Dec 2015

French Prime Minister Manuel Valls has fixed the 700 MHz auction for December 2015, with the transfer from DTT channels to the mobile telecoms sector scheduled to take place between October 1st 2017 and June 30th 2019. The French State anticipates the revenues coming from this auction will reach €2.1 billion, all attributed to the defence sector. According to the […]

Liberty, Searchlight acquire Choice Cable TV

Liberty Global has announced that, together with investment funds affiliated with Searchlight Capital Partners, it has entered into an agreement to acquire 100 per cent of the parent of Puerto Rico Cable Acquisition Company, Choice Cable TV, the second largest cable and broadband services provider in Puerto Rico. Choice’s operations will be combined with Liberty Cablevision of Puerto Rico and […]

India to fund new STB developments

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India’s Dept of Electronics & Information Technology is to put 1 billion Rupees (about $16 million) to help fund development of locally made set-top boxes. The cash will also provide manufacturers with long-term credit facilities and other fiscal aids to jump-start the process. The fund will also be channelled through India’s Credit Guarantee Fund which exists to help smaller businesses […]

Online BBC3 to be a pathfinder for other services

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Senior executives at the BBC have revealed further details of the Corporation’s proposals to close BBC as a broadcast channel and reinvent it online. The changes – which are subject to approval by the BBC Trust – will generate savings of £50 million, which will be reinvested into BBC Three online, as well as strengthening BBC One. Speaking at a […]

Vodafone Spain-Ono to axe 1,000 jobs

Vodafone Spain is reportedly set to dismiss 1,000 workers over the coming months as a result of its acquisition of Spanish cable provider Ono earlier this year. Combined the two companies currently have around 6,000 workers, with Vodafone accounting for 3,500 employees and Ono the remaining 2,500.  The aim is to implement this measure by the end of the first […]

South Africa’s DStv sees growth

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South Africa’s Multichoice/DStv operation is still exhibiting no shortage of new subscribers, despite increased competition from would-be rivals. Multichoice says it has added another 342,000 new DStv subscribers in the first half of the financial year (to Sept 30) and its DStv ‘box office’ division is selling an impressive 600,000 movies a month. The Naspers-owned broadcaster is now enjoying 8.4 […]

Presto lines up Seven SVoD service

Presto Entertainment, a new service originating from a proposed Foxtel and Seven West Media joint venture, would see a massive library of subscription video on demand (SVoD) television content provided for Presto subscribers in early 2015. The proposed service would compete with Netflix, which recently announced plans to launch in Australia in March 2015. The Foxtel and Seven West Media […]

Skyview completes IMT acquisition

Integrated Microwave Technologies (IMT), a specialist in advanced digital microwave systems serving the Broadcast, Sports & Entertainment and MAG (Military, Aerospace & Government) markets, has announced that its acquisition by Skyview Capital has been successfully completed. Skyview Capital announced that it has signed an agreement to acquire IMT from the Vitec Group on November 3rd 2014. Specific financial terms of […]

Bidders circle Poland’s TVN

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Poland’s TVN should be in the hands of new owners by early January, according to local reports. Current owners ITI Group and Canal Plus are looking to sell their entire 53 per cent stake in the business. TVN CEO Markus Tellenbach is quoted as saying that the broadcaster has 10-12 interested parties in the line up of potential bidders, and […]

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