Category archives for: Business

Vivacom stake sold for €1


A Luxembourg-registered group has bought company stakes owned by fugitive Bulgarian tycoon Tsvetan Vassilev for €1, including 43 per cent in Bulgaria’s biggest telco Vivacom. Vassilev was at the centre of a scandal last year when a bank he majority-owned, Corporate Commercial Bank, was hit by a run on deposits and shut down. He was subsequently charged with embezzlement and […]

Canada: Telesat sell-off slows

Canada’s major satellite operator Telesat – the 4th largest satellite operator globally – has stumbled in its attempts to sell the business. Telesat is owned in a complex relationship between Loral Space & Communications and the Public Pension Investment Board of Canada (PSP). Loral owns 62.8 per cent of Telesat but only 32.7 per cent voting interest. The majority voting […]

Thuraya up for sale

The UAE’s broadband and sat-phone operator Thuraya is up for sale. There’s even a prospective buyer lined up in the shape of satellite giant Inmarsat. The problem is the two are very wide from reaching an agreed sale price. While Thuraya has been on the sales forecourt for some time, the asking price – of some $600 million – has […]

ContentWise expands America presence

ContentWise, the personalisation, discovery and recommendations solution for digital TV content, is further expanding its North American market presence. As digital television service providers throughout the region continue to compete with the likes of Netflix, Amazon and Hulu, ContentWise has identified North America as a key region for the growth of personalidation. To drive and expand its presence, ContentWise has […]

Liberty rules out ITV bid


US cable group Liberty Global wants to distribute ITV’s most popular programmes across Europe, but sees the UK commercial broadcaster as too “pricey” to acquire outright, its chief financial officer has suggested in an interview with the FT. “ITV looks awfully pricey,” CFO Charlie Bracken commented. “We’re not going to invest billions of dollars in content – that’s not our […]

Phoenix Sat-TV profits tumble

Hong Kong-based Phoenix Satellite TV’s operating profits fell sharply by 28 percent last year, in the period to Dec 31st. Actual numbers were HK$ 901.78 million this past year, compared to HK$ 1.26 billion in 2013. The company said its actual profit margins at the broadcasting division were higher, and those margins remained stable, despite the dip. Revenue for the […]

Liberty’s Project Lightning: 40% take-up


Liberty Global is planning a wide-ranging expansion of its UK penetration, and a management briefing for the City has seen investment bank Jefferies issue a major (17-page) re-examination of Liberty’s prospects – and summarises its position with a “Buy” recommendation and a raised $59 price target (Liberty Global’s shares are currently about $53). Liberty’s code-name for its UK thrust is […]

Telecom Italia returns to profit

Telecom Italia has returned to profit for the first time in three years as Italy’s largest telecoms group begins its biggest investment to date to modernise its mobile and broadband networks. The group was on the way to becoming a “real public company”, according to chairman Giuseppe Recchi, following an overhaul of its broadband and corporate governance. Net income rose […]

Envivio reduces losses

Envivio, a provider of software-based video processing and delivery solutions, has announced financial results for the fourth quarter and fiscal year 2015 ending January 31st 2015. Revenue for the fourth quarter was $12.7 million, compared with $9 million in the third quarter of fiscal 2015 and $12.5 million in the fourth quarter of fiscal 2014. Revenue for fiscal year was […]

Sky ups prices, market worried

Sky is unexpectedly increasing its subscriber prices in the UK. Normally any price rise happens in September but the hike comes just 6 weeks after the broadcaster agreed to pay the Premier League £4.2 billion for a share of the TV rights. The all-important ‘sports’ bundle will cost an extra £1 (to £47) a month, while the ‘family’ package rises […]

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