BT’s proposed acquisition of EE will create a ‘true UK digital champion’, according to BT Chief Executive Gavin Patterson, with consumers and businesses benefiting from further innovation and integrated services in a highly competitive market. He was backed by EE Chief Executive, Olaf Swantee, who said the deal would result in continued investment to boost […]
Discovery Networks Asia-Pacific (DNAP), a division of pay-TV programmer Discovery Communications, has confirmed its acquisition of Setanta Sports Asia, a premium sports channel specialising in rugby. Reaching more than 42 million homes across 16 countries, Setanta Sports Asia is one of the fastest-growing sports channels in Asia. It super serves passionate fans with some of […]
A study of 100 senior corporate executives by global law firm Reed Smith, in partnership with Mergermarket, reveals that 84 per cent of technology, media and entertainment (TME) companies expect to see more cross-sector M&A convergence deals over the next two years. The report, Wired up: The convergence of technology, media and entertainment, explains the […]
Australian pay-TV operator Foxtel has agreed to buy 15 per cent of Australian commercial broadcasting service Network Ten in a A$77 million deal as part of a capital raising that could raise up to A$154 million. Ten has proposed issuing new shares to the subscription-TV provider at A15c (€0.10) a share in exchange for a […]
Liberty Global is currently conducting due diligence on Irish broadcaster TV3 with a view to purchasing the business. Talks are said to be advanced stage but a deal is not expected for several months and would require ministerial and regulatory clearance. TV3’s owners are looking for a price of between €120 million and €150 million […]
A consortium made up of aircraft giant Airbus and rocket-engine builder Safran will buy a 34 per cent stake in launch company Arianespace, and in addition to its existing 39 per cent holding. The French state is expected to earn around €100-200 million from the sale. The scheme has been under discussion for some months […]
The CMA has referred BT Group’s anticipated acquisition of EE Limited for an in-depth phase 2 investigation. BT and EE are, respectively, the largest suppliers of fixed communications services and mobile communications services in the UK. BT also provides many fixed services to other communications providers, including backhaul services to mobile communications providers, such as […]
Scripps Networks Interactive, a global developer of lifestyle content for multi-platforms, has made a public tender offer to purchase 100 per cent of TVN, a leading Polish media company. The offer will be launched upon completion of Scripps Networks Interactive’s previously-announced purchase of a majority ownership stake in TVN from ITI and Canal+ Group. Under […]
The municipality of Beromünster has operated its own cable network in its municipal territory (administrative district of Beromünster) up to now. The municipality has now decided to sell its glass fibre optic cable network to long-term partner upc cablecom with effect from October 1st 2015. The municipality has already enjoyed a successful partnership with upc […]
Appearing in an opening Congress panel discussion, Manuel Cubrero, CEO, Kabel Deutschland/Director, Consumer Fixed and Cable, Vodafone Deutschland and Mike Fries, President and CEO of Liberty Global were, not surprisingly, unwilling to offer substantive comment on the likely outcome of discussions between the companies over an exchange of assets. Cubrero, in particular, said he was […]