Following submission to the UK’s Competition and Markets Authority (CMA), BT Group and Warner Bros Discovery have welcomed the decision to approve the BT Group agreement with Warner Bros Discovery to form a 50:50 Joint Venture (JV) company that will create a new sports offering for the UK & Ireland. The CMA’s decision now allows […]
Following its announcement of exclusive discussions on February 3rd, BT Group has agreed a set of definitive agreements with Warner Bros Discovery to form a 50:50 joint venture company to create a new premium sport offering for the UK & Ireland and to transfer the operating businesses of BT Sport to Warner Bros Discovery By […]
US multiplay telcos Charter Communications and Comcast Corporation have formed a 50/50 joint venture to develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs, aimed at providing consumers with a world-class user experience and navigation, all the top apps, and more choice in the streaming marketplace. […]
Telcos Orange and MásMóvil have confirmed they are in exclusive discussions to combine their businesses in Spain. The combination would take the form of a 50-50 Joint Venture, co-controlled by Orange and MásMóvil (LORCA JVCO) with a combined enterprise valuation of €19.6 billion. Valuations are attractive for both businesses, with Orange Spain’s enterprise value at […]
A major Joint Venture from Reliance Jio, the giant Indian telco, and satellite operator SES, which will see Jio use the SES capacity for broadband connectivity for its Indian customers. Investment bank Exane/BNPP says the move is a major endorsement for SES and in particular its mPower fleet of satellites. The bank says: “The endorsement […]
Jio Platforms (JPL) and SES have formed a multi-year Joint Venture to supply high-performance satellite-based broadband services across India. Jio will be the anchor customer for the new JV, which will extend Jio’s network reach and resiliency by leveraging SES’s satellites in both geostationary and medium earth orbits, including O3b mPOWER fleet. JPL and SES […]
Although recent reports had suggested that streaming service DAZN was on the verge of clinching a deal to acquire BT Sport, Discovery has emerged as the frontrunner, with confirmation from BT that it has entered into exclusive discussions with Discovery regarding a new joint venture between BT Sport and Eurosport UK. The telco also revealed […]
UK multiplay telco Virgin Media O2 (VMO2) is planning to launch a fibre network construction joint venture led by owners Liberty Global and Telefónica, according to reports. Such an operation would seek to rival BT’s Openreach digital infrastructure arm. The new company is seeking a substantial sum from third-party investors, with one source suggesting the […]
Integrated satellite and terrestrial network operator Intelsat and Thales Alenia Space – the Joint Venture between Thales and Leonardo – have signed an agreement to build two software-defined satellites designed to advance Intelsat’s global fabric of software-defined GEO connectivity as part of its 5G software-defined network. “The orders were not unexpected,” notes Chris Forrester. “Now that […]
In a move that is intended to accelerate the growth of its advanced advertising business while helping scale the overall market for advanced TV, multichannel programmer Discovery will become a minority owner of advanced advertising company OpenAP, bringing simplicity and scale to audience-based campaigns in television. Discovery joins FOX, NBCUniversal and ViacomCBS in the joint […]