TPG takes DirecTV stake
As expected, AT&T is to sell off a slice of DirecTV to TPG and spin off the company to a new business. Private equity firm TPG will then own 30…
Perez Tornero named RTVE president
Spain’s public broadcaster RTVE has a new president and a new board of directors following an agreement between the country’s main political parties, the socialist PSOE and the conservative PP.…
Euskaltel Group sees record customers & revenue
Spain’s Euskaltel Group – comprising the brands Euskaltel, R, Telecable and Virgin telco – has published its 2020 results, consolidating the growth recorded by the company over the last few…
Devas vs ISRO lawsuit continues
A 12-year lawsuit worth more than $1.2 billion between Devas Multimedia and the Indian Space Research Organisation (ISRO) looks no closer to settlement. ISRO had a commercial arm, Antrix, and…
SES renews Sky deal; FY revenue dips
Ahead of its results announcement, SES confirmed it had extended its contract with Sky UK that will result in a €90 million gain in its secured backlog. SES added: “By…
Spain: Profits fall at Mediaset and Atresmedia
The pandemic crisis has taken a big toll on the financial results of Spain’s two biggest TV groups, Mediaset and Atresmedia. Both saw their profits fall in 2020 by 15.6…
FCC announces C-band auction winners
The US’s Federal Communications Commission has announced the winning bidders and the final bid totals in Auction 107 – commonly referred to as the C-band auction. Net winning bids totalled…
Analyst: SpaceX tops $6bn in equity funding
Researchers at Quilty Analytics have carried out a running total of SpaceX’s fund-raising exercises and estimate that the Elon Musk-backed business has raised around $6 billion (€4.9bn) since the announcement…
Net Insight sells ScheduALL to Xytech
Net Insight has signed an agreement to sell its ScheduALL business to Xytech Systems in a transaction valued at $6 million (€4.9m). ScheduALL offers software-based resource optimisation solutions to media…
Kudelski adapts to pandemic reality
The Kudelski Group, a specialist in digital security, has announced its 2020 annual results. In 2020, total revenues and other operating income decreased to $741.5 million from $827.3 million in…
MTG “regains footing” in pandemic
Modern Times Group (MTG), the digital entertainment company, has published its Q4 2020 financial results report. Net sales declined by 9 per cent to SEK 1,064 million (€105.7m) with a…
Sakaan appointed BritBox international CEO
BBC Studios and ITV have confirmed that Reemah Sakaan, currently Group Director ITV SVoD, has been appointed as BritBox International’s new CEO charged with steering the roll out of their…
TPG taking AT&T share?
There are unconfirmed reports that TPG (the former Texas Pacific Group) is to take a significant but minority stake in AT&T’s DirecTV business. Reuters reported that discussions were at an…
FCC proposes freeing up more 5G spectrum
FCC Acting Chairwoman Jessica Rosenworcel has shared with her colleagues a draft Order that would make much-needed mid-band spectrum available for 5G. If adopted at the Commission’s March 17th Open…
BBC calls for “radical” role reappraisal
Clare Sumner, Director of Policy at the BBC, has called for a radical reappraisal of the role the Corporation plays in shaping the wider broadcast market to inform the debate…
LG opens up webOS platform
LG Electronics has announced the availability of its popular webOS TV platform ecosystem to other TV brand partners, disrupting the status quo in an industry known for its proprietary operating…