SyQic, an OTT provider of live TV and on-demand paid video content across mobile and Internet enabled consumer devices, has confirmed the receipt of the February 2014 payment (approx £280,000) from PT Nextnation Prisma (PTNP), the completion of its acquisition of Maaduu and the activation of a mobile phone payment service for its Yoonic OTT […]
Telefónica and Vivendi have signed the final agreement for the sale of Global Village Telecom, GVT, to Telefónica, a move that reinforces the Spanish telco’s leadership in Brazil, and is expected to generate synergies of at least €4.7 billion, Both companies agreed August 29 to enter into exclusive negotiations for this transaction, which includes a […]
Telecom Italia put out a stock exchange statement Sept 17 firmly denying reports that its Brazilian subsidiary was interested in buying Oi, a Brazilian telco and satellite broadcaster. The filing denied numerous media reports that Telecom Italia was speaking to advisors about using TIM Brasil to buy Oi in a move to challenge local rival […]
Telecom Italia is looking at acquiring Brazilian fixed-line telco and satellite broadcaster Oi in an attempt to boost local competitiveness and challenge Telefonica’s market position. Telecom Italia already has a small operation in Brazil (TIM Brazil) and has previously tried to buy another local operator GVT. TIM Brazil is itself under threat of take-over with […]
The Supervisory Board and Executive Boards of Sky Deutschland are recommending that shareholders reject the take-over offer from BSkyB. Their statement says the offer of €6.75 per share “does not reflect the long-term potential” of the company. The executive board confirmed CEO Brian Sullivan, a former BSkyB staffer and only executive shareholder in Sky Deutschland, […]
Dutch newspaper De Telegraaf says Endemol founder John de Mol is in discussions with Discovery Communications about a possible sale of his 33 per cent stake in broadcaster SBS. Publisher Sanoma Media owns the balance of SBS, and is also in talks with Discovery. SBS still runs SBS6, Veronica and Net5 channels. SBS sold its […]
Danish quad-play operator TDC Group is acquiring Get AS, the second largest cable-TV provider in Norway, for NOK 13.8 billion (€1.68 bn), to create Scandinavia’s largest cable TV company in terms of revenue. With 1.7 million connected homes and a revenue of DKK 7 billion (€0.94bn) from the cable business, the TDC Group says it […]
In another major potential consolidation of the Spanish market Orange has bid €3.4 billion for Jazztel. If the takeover is finally successful, the new company will become the second biggest fixed-line broadband operator in the country, the third in mobile with 13.7 million mobile users (behind Vodafone with 14 million) and a tough competitor to […]
The European Commission has authorised under the EU Merger Regulation the proposed acquisition of Sky Deutschland AG and Sky Italia S.r.l. by BSkyB. The Commission concluded that the transaction would not raise competition concerns, since the activities of the three companies are geographically complementary. The Commission’s investigation showed that the geographic scope of the markets […]
Ericsson has entered into an agreement to acquire Fabrix Systems, a provider of cloud storage, computing and network delivery for video applications that power some of the most advanced cable and telecom cloud DVR deployments. Fabrix Systems further extends Ericsson’s TV and media portfolio with a cloud based scale out storage and computing platform focused […]