A note to clients from investment bank Morgan Stanley suggests that pay-TV broadcaster BSkyB is to extend its share-buyback/cash return policy. The bank says that BSkyB has already spent about £550 million (€679m) of the £750 million it earmarked for buying back its own stock from investors. It bought back another 23,000 shares early on […]
Following a General Shareholders’ Meeting, media and entertainment technologist Technicolor has confirmed that the shareholders approved by a large majority the resolutions relating to the transaction proposed by Vector Capital Corporation (Vector) in its offer dated May 25 and amended on June 13. Vector will become Technicolor’s main shareholder, despite the board’s recommendation to vote […]
Ooyala has announced it has raised $35 million in new capital to aggressively standardise digital video experiences provided by multi-service operators (MSOs) and TV programmers worldwide on the Ooyala video streaming, monetisation and discovery platform. Telstra Applications and Ventures Group, a subsidiary of Australia’s largest telecommunications and information services company Telstra, led the Series E […]
Following confirmation May 30th that its Board of Directors had unanimously resolved to recommend to the Company’s shareholders that they vote in favour of a funding package proposed by JP Morgan, the media and entertainment technology specialist has clarified its position, following discussions with the France’s financial regulator, Autorité des marchés financiers (AMF). In accordance […]
Spanish households will have to pay the bill for the second digital migration to be started this autumn and completed before January 2014 , one year earlier than expected, within the so-called digital dividend allocation plan. Contrary to initial expectations, there will be hardly any public funds to finance the migration as the Administration will […]
The Board of Directors of Technicolor, the troubled French cinema production services provider and manufacturer of television set-top boxes, meeting May 29 in Paris, unanimously resolved to recommend to the Company’s shareholders that they vote in favour of the resolutions relating to the implementation of the transaction agreed between Jesper Cooperatief U.A., an entity controlled […]
IDATE has published a report which proposes an international benchmark for DTT rollout and Analogue Switch-Off (ASO) practices and also presents guidelines for the ASO. It addresses the issues and prospects of the (Second) Digital Dividend and details business models for the overall process of transition to digital, including three country cases in the low- […]
Media and entertainment technology specialist Technicolor has announced that the President of Thomson Angers SAS has filed for insolvency (“cessation de paiement”) with the Nanterre Commercial Court (France) and has petitioned the Court to open rehabilitation proceedings (“redressement judiciaire”) for Thomson Angers SAS. The company Thomson Angers SAS owns the Angers facility, which manufactures set-top […]
Telco equipment giants Huawei and ZTE could be facing a European Union investigation into whether the firms have benefited from subsidies by the Chinese government. Huawei and ZTE have been making inroads into the telecom equipment market, winning major contracts due in large part to the competitive pricing the two firms put forward. But now […]
Spain’s largest cable company ONO has completed a refinancing with 12 different lenders with commitments totalling €1.4 billion to refinance its existing bank debt. Participating banks are Bank of America Merrill Lynch, BBVA, Bankia, BNP Paribas, Credit Agricole, Deutsche Bank, ICO, ING, JP Morgan, Banco Santander, Societe Generale and Unicaja. Bankia shares have been suspended […]