Not helped by a disappointing few sets of quarterly results, China Digital TV (which is China-based but NASDAQ-listed as STV) has decided to sell its CA, network broadcasting platform, and VoD businesses. The decision was reached at an Extraordinary General Meeting on November 27th although the decision reflects an asset restructuring plan announced on October […]
Mediaset Premium Spa, the new unit within which all pay-TV activities of Italy’s Mediaset Group have been placed, is now operational. A total of 267 employees already working for RTI/Mediaset will be transferred to Mediaset Premium Spa. The balance sheet, dated 30 September 2014, shows a total turnover of more than €2 billion and EBIT […]
UK based MNO Vodafone is considering buying the Tesco-owned video and music streaming service blinkbox to give it access to content as it gears up to become a quad-play operator. Reports emerged in early October that the UK supermarket retailer was planning to sell off or shut down the loss-making operation, which has struggled to […]
The market is full of rumours that this or that that telephony operator wants to buy, merge or somehow absorb a rival or two, especially if that rival has TV-related assets. Widely talked about are discussions between Vodafone and Liberty Global’s European operations. BT (the former British Telecom, and which used to own cellular operator […]
Multinational cable and telecommunications company Altice has entered into an exclusivity agreement with Oi to agree the purchase of the Portuguese assets of Portugal Telecom. Altice’s fully-financed, binding offer values Portugal Telecom at an enterprise value of €7.4 billion on a cash and debt-free free basis which includes €500 million consideration related to the future […]
Multinational cable and telecommunications company Altice and French cable MSO Numericable Group have confirmed the closing of the transaction to combine mobile operator SFR and Numericable. Vivendi received €13.366 billion in cash of which €200 million will be contributed to the financing of the acquisition of Virgin Mobile by Numericable Group. The amount of €13.166 […]
French telco Orange has confirmed informal talks with Chinese group PCCW regarding video platform Dailymotion. CEO Stéphane Richard, who is seeking an investor to boost the international development of its 100 per cent subsidiary, met Richard Li, the son of Asia’s wealthiest man Li Ka-Shing, the founder of Hutchison conglomerate. The group owns PCCW, the […]
The European Commission (EC) has expressed concerns about the Telefónica-Canal Plus operation to set up a single pay TV company, 100 per cent controlled by the Spanish dominant telco operator. In a document sent to the Spanish regulator CNMC, Brussels claims that the operation is likely to have a negative impact on the competition in […]
Following the confirmation by BT that it had received expressions of interest from shareholders in two UK mobile network operators, of which one was O2, about a possible transaction in which BT would acquire their UK mobile business, Deutsche Telekom and Orange, the joint shareholders of EE, the other likely operator target, have confirmed they […]
KPN has reached an agreement with joint-venture partner Reggeborgh to acquire the remaining 40 per cent stake in Reggefiber and obtain 100 per cent ownership for €610 million. Joost Farwerck, Member Board of Management KPN, commented: “We are pleased to have obtained full ownership of Reggefiber and aim to learn and make use of the […]