Category archives for: Business

BT considering mobile return

BTtower

UK telco BT has responded to recent press speculation relating to a potential transaction involving cellco Telefónica UK (O2) in the UK, the business it sold to the Spanish telco in 2005 for £18 billion (€22bn). Such a move would make BT a full quad-play operator, restoring mobile to its voice, broadband and TV operations. “We continue to develop our […]

Aereo files for Chapter 11 reorganisation

Internet entertainment streaming service Aereo, which suspended its operations June 28th following the Supreme Court copyright decision in favour of US broadcasters, has filed a voluntary petition for Chapter 11 reorganisation in the US Bankruptcy Court for the Southern District of New York. Aereo also announced that it has appointed Lawton Bloom of Argus to serve as Chief Restructuring Officer […]

Sky ups Pluto.TV investment

Sky has made a $1 million equity investment in Pluto.TV, an online television platform that aggregates video content from across the web and programmes into themed TV channels. This follows Sky’s $0.5 million convertible debt investment in Pluto.TV in October 2014.

China Digital TV sees major revenue fall

China Digital TV Holdings, which is NASDAQ-registered but trades in ‘smart card’ digital technology in China, has suffered a setback in its Q3 performance. Adjusted Net income tumbled to $1.72 million from $5.24 million in the same period last year. Overall revenues fell back to $17.7 million (from $23.45 million). The company’s share price fell back 5.4 per cent to […]

Sky to benefit from Ofcom EPL review

The decision by UK media regulator Ofcom to investigate the way in which the English Premier League sells domestic rights managed to send Sky’s share price up a very healthy 43p to £8.90 in robust trading. The market’s sentiment reflects the general view that Sky might well emerge from the review in a better position than today. Investment bank Berenberg […]

Pace “continues good progress”

pace_mike_Pulli

UK STB maker Pace has reported that it expects full-year operating margins to be greater than nine per cent, up from its previous forecast. The company which supplies STBs for such as Sky Deutschland and AT&T now expects 2014 revenue to be between $2.6 billion (€2.1m) and $2.65 billion. The company posted revenue of $2.47 billion last year. Mike Pulli, […]

Tele Columbus growth accelerates

germany

Tele Columbus Group, the third largest German cable network operator, continues to deliver on its strategy of profitable and accelerating growth over the first nine months of this financial year. Revenues grew by 3.8 per cent to €159.3 million in the nine months ended September 30th 2014 compared to the same period 2013. Normalised EBITDA increased by 10 per cent […]

KPN acquires remaining 40% stake in Reggefiber

KPN has reached an agreement with joint-venture partner Reggeborgh to acquire the remaining 40 per cent stake in Reggefiber and obtain 100 per cent ownership for €610 million. Joost Farwerck, Member Board of Management KPN, commented: “We are pleased to have obtained full ownership of Reggefiber and aim to learn and make use of the vast amount of expertise which […]

Media M&A at 3 year high

A record number of media and entertainment (M&E) companies expect to pursue M&A deals during the next 12 months, according to a recent survey of over 1600 senior executives, of which 94 were from the M&E companies, in more than 60 countries conducted by EY for the 11th Capital Confidence Barometer: Media & Entertainment. The study further reveals that C-suite […]

Mediaset to spin off pay-TV

mediaset

The Board of Italian broadcaster RTI (Mediaset) has approved the transfer of the pay-TV activities to a new company, Mediaset Premium Spa, which will be operational from December 1st. By December, Spanish operator Telefonica (through its subsidiary Telefónica de Contenidos) will acquire – as announced in July – a 11.1 per cent stake in the new company. The remaining 88.89 […]

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