beIN Media Group, an affiliate of Qatar’s Al Jazeera, is reportedly in advanced negotiations to buy Turkish satellite network Digiturk. beIN Media Group, which runs the beIN sports network of channels operating in Asia, Europe and the US, has yet to finalise the acquisition, but a deal could be finalised in the next couple of […]
Kuwait-based investment fund KIPCO, which owns a majority stake in Dubai’s pay-TV operator OSN, says that it sees “enormous potential” for continuing growth in subscribers, revenues and profits at OSN. A statement on May 25th from KIPCO reports that OSN’s net profits jumped an impressive 66 per cent, although did not convert this into a […]
A Luxembourg-registered group has bought company stakes owned by fugitive Bulgarian tycoon Tsvetan Vassilev for €1, including 43 per cent in Bulgaria’s biggest telco Vivacom. Vassilev was at the centre of a scandal last year when a bank he majority-owned, Corporate Commercial Bank, was hit by a run on deposits and shut down. He was […]
Canada’s major satellite operator Telesat – the 4th largest satellite operator globally – has stumbled in its attempts to sell the business. Telesat is owned in a complex relationship between Loral Space & Communications and the Public Pension Investment Board of Canada (PSP). Loral owns 62.8 per cent of Telesat but only 32.7 per cent […]
The UAE’s broadband and sat-phone operator Thuraya is up for sale. There’s even a prospective buyer lined up in the shape of satellite giant Inmarsat. The problem is the two are very wide from reaching an agreed sale price. While Thuraya has been on the sales forecourt for some time, the asking price – of […]
US cable group Liberty Global wants to distribute ITV’s most popular programmes across Europe, but sees the UK commercial broadcaster as too “pricey” to acquire outright, its chief financial officer has suggested in an interview with the FT. “ITV looks awfully pricey,” CFO Charlie Bracken commented. “We’re not going to invest billions of dollars in […]
France’s Altice has confirmed it is planning to sell Portuguese cable TV operator Cabovisão. Speaking to journalists in Paris, the co-founder of Altice, Armando Pereira, said that his company may sell Cabovisão, to ensure that Portugal’s Competition Authority gives the green light for the purchase of telecommunications operator PT Portugal. Altice group is planning to […]
Telstra is set to acquire Globecast Australia, a provider of media services for broadcasters in Australasia. The acquisition is subject to ACCC review prior to completion. Telstra Group Managing Director Global Sales, Martijn Blanken, said the acquisition would deliver on Global Enterprise and Services’ strategy of developing deeper capabilities in media services for our customers […]
Scripps Networks Interactive has agreed to pay €584 million for 100 per cent of shares in N-Vision which on completion, directly and indirectly through Polish Television Holdings, will hold approximately 52.7 per cent interest in Polish broadcaster TVN S.A. Scripps Networks Interactive will assume both the debt on level of Polish Television Holding and TVN of […]
Dailymotion, the online video portal owned by French telco Orange, is set to hold talks to sell a 49 per cent stake to Hong Kong-based telecom giant PCCW. PCCW has reportedly made an offer valuing the video site at about €250 million. The deal would bring in a long-desired foreign partner for the French company […]