Category archives for: Business

Discovery drops out of Channel 5 bidding

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Discovery Communications has dropped out of bidding to buy Channel 5, according to reports. Discovery, which has been aggressively expanding outside of the US in television, had been in talks with BSkyB over a possible joint bid. It is unclear whether BSkyB was still involved in the process. UK FTA channel Channel 5, which broadcasts the likes of Big Brother [...]

Intel’s ‘Internet of Things’ division up 32%

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The Internet of Things is taking off, and how, for chip-maker Intel. The recently formed division saw growth of 32 per cent compared with the same period last year, mostly based on use of its low-cost ‘Atom’ chip, and where volume sales “nearly doubled” in y-o-y. The news came during Intel’s Q1 analyst call, where CEO Brian Krzanch reported that [...]

Sony expects Ultra HD TV sales to increase 4-fold in 2014

sony

Sony anticipates Ultra HD TV sales will increase four-fold in 2014 and also aims to hold a 10 per cent global share in LCD TV shipments. The company has said it aims to ship roughly 20 million LCD TVs and estimates that its overall Ultra HD TV shipments will increase four-fold in 2014, with Ultra HD TV sales in the [...]

Quickflix subs up 16%

Quickflix, the Australia and NZ online streaming service, experienced a strong March quarter of growth increasing its base of paying customers by 16,000 or 16 per cent to 118,557. Total active customers (paying customers plus introductory trialists who have registered with a valid credit card) increased by 13 per cent to 137,059. Organic growth through customers signing up on Quickflix-enabled [...]

Comcast/TWC merger dominates comms M&A Q1’14

Comcast’s pending merger with Time Warner Cable – which had an announced transaction value of $69.58 billion, according to SNL Kagan data – was far and away the largest deal announced in the communications industry during the first quarter. As such, it helped multiple advisers take the lead in SNL Kagan’s financial adviser rankings based on transaction or deal value [...]

Nervous times for BSkyB

Last Friday saw a 10.5p (1.1 per cent) fall in BSkyB’s share price and continued the tumble over the past few weeks that has seen shareholder confidence ebb away. The recent falls, from £9.46 to £8.77 on anxieties over the likely price of the next auction round of English Premier League football costs, and last week’s news that BT Sport [...]

Sun Direct raises expansion funds

India’s Sun Direct DTH broadcasting operation in the past year raised 2.6 billion Indian Rupees (€32 million) by way of rights issues to fund capital expenditure. The cash is needed to help fund expansion into digital transmission in India’s Phase 3 and 4 of the nation’s digitisation project. Sun Direct is also planning to reduce its net debt of INR [...]

EQT plans to exit Taiwan cable TV unit

Swedish private equity fund EQT Partners has put Taiwanese TV network GTV on the market for T$6 billion (€144 million), becoming the latest foreign investor aiming to exit Taiwan, according to the Economic Daily. Potential buyers are said to include the founding family of Formosa Plastics Group, one of Taiwan’s biggest business conglomerates. EQT Partners bought the TV network in [...]

Eutelsat trims costs of debt

Now that Mexico City-based satellite operator SatMex is 100 per cent owned by Eutelsat, the new owners have taken the opportunity to trim SatMex’s debt burden significantly. Now more properly called Eutelsat Americas, the company was obliged to absorb some $350 million of borrowings at the high interest rate of 9.5 per cent. Eutelsat has now restructured those loans very [...]

EC clears acquisition of Eurosport by Discovery

The European Commission has approved under the EU Merger Regulation the acquisition of Eurosport by Discovery. Discovery Communications and France’s TF1 Group January 2014 agreed a deal that for Discovery acquire a controlling interest in Eurosport International through an extension of the pair’s larger strategic partnership first announced in December 2012. The deal to increase Discovery’s interest from 20 per [...]

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