Egypt’s Nilesat saw its 2017 net profits fall by some $5 million, from a 2016 position of $73,322,889 to $68,570,487 in the 12 months to December 31st. Cairo-based Nilesat held its Annual General Meeting on April 28th and declared that it would be paying a $0.60 per share distribution to shareholders. The main beneficiary is […]
Jio Infocomm, a start-up cellular telco in India, is still adding some 26 million new subscribers each quarter since launching 18 months ago. It now reaches a total of 186.6 million. The business, a subsidiary of Mukesh Ambani’s Reliance Industries, was launched to the public in September 2016 and was an instant success. Jio’s core […]
Polsat TV will launch two new, regular, 24-hour premium sports channels – Polsat Sport Premium 1 and Polsat Sport Premium 2, available in the new Super HD quality and without any advertisements, and four additional premium television services, which will show UEFA Champions League and Europa League matches in the next three years. All sixteen […]
A political agreement on the main elements of revised rules to apply to audiovisual media across Europe has been reached between the European Parliament, the Council and the European Commission that will likely see SVoD platforms such as Amazon and Netflix face a 30 per cent ‘made in Europe’ quota. The negotiations will officially conclude […]
Sharon White, Chief Executive, of UK comms regulator Ofcom, has warned incumbent telco BT to upgrade its copper network to fibre or risk fading away. Delivering closing remarks at an industry event in London on ‘Building a Full Fibre Future’, White told delegates – who included major investors, Chief Executives, a Secretary of State and […]
Spanish pay-TV operators are increasingly putting pressure on Mediapro, holder of the Champions League and Europa League TV rights, to reduce the asking price for the football rights. Ángel Vilá, CEO of Telefónica, warned there exists “a real possibility” that his company will not acquire the Champions League rights for the next three seasons. He […]
Satellite operator SES has reported what it describes as “solid” financial results for the three months ended March 31st 2018. Group revenue and EBITDA were delivered in line with the company’s expectations, with strong underlying revenue growth in SES Networks. “We have made a solid start to 2018 with our Q1 results in line with […]
The European Union’s Court of Justice has ruled that the €46 million financial aid given to the DTT extension in the Spanish Region of Castilla-La Mancha was illegal and discriminatory. The Court acknowledges that the EC was right when in 2014 it initially ruled that the aids were in breach of competition by benefiting DTT […]
Amazon has reported that Q1 revenue grew 43 per cent year-on-year to $51 billion (€42.2bn). The company’s cloud-computing unit Amazon Web Services posted strong gains, registering a 49 per cent in sales over the previous year and generating $1.4 billion in operating income. The company has also announced that the cost of a Prime subscription – […]
Indian DTH player Tata Sky and Netflix have entered into a strategic partnership which the pair say will give subscribers of both Tata Sky and Netflix easy access to a world of content through future Tata Sky platforms. Tata Sky subscribers will be able to browse and access the entire Netflix service, including TV shows, […]