Swedish multi-play operator Com Hem’s Q2 revenue saw a strong increase of of 38.1 per cent to SEK1,794 million (€186.39m) while organic revenue, excluding Boxer, rose by 5 per cent to SEK1,364 millon. Operating profit (EBIT) rose by 16 per cent to SEK222 million. Commenting on the results, Anders Nilsson, CEO at Com Hem Group, […]
Amino Technologies, a global provider of digital TV entertainment and cloud solutions to network operators, announces unaudited consolidated results for the six months ended May 31st 2017. Financial highlights include: Revenue growth of 21 per cent to £40 million, in line with management’s expectations Underlying revenue growth of 4 per cent in constant currency, in […]
In a move to bolster its in-house product and innovation development, Ownzones Media Network, the OTT EntTech company, has appointed former Netflix executive Nick Nelson as the new Head of Product Innovation. Nelson, who will be based in Los Angeles, reports to Aaron Sloman, Chief Technology Officer at Ownzones. In making the announcement, Sloman stated, […]
Media and entertainment company Central European Media Enterprises Ltd. (CME) has agreed to sell its leading broadcast operations in Croatia (Nova TV) and in Slovenia (POP TV) to Slovenia Broadband S.à r.l., a subsidiary of United Group B.V, subject to certain closing conditions, including regulatory approvals. The transaction – which CME says will assist in […]
Last week it was a Canadian pension fund and a Holiday Camp business that looked like the front runners to wrap a purchase of British television and cellular transmission company Arqiva. Now the waters are definitely muddied with talk that there’s another batch of would-be buyers now interested in Arqiva. Initial bids must be entered […]
South Korea’s giant conglomerate Samsung’s Electronics division is suggesting that its Q2 profits will be a record-breaking 14 trillion Won (about $12.1 billion), up 72 per cent. The division looks after TV displays, cellular phones and the manufacture of (DRAM and NAND) memory and solid-state modules. The actual numbers will be confirmed at the end […]
Cable and DTH distribution networks in the United Arab Emirates (UAE) have cancelled their carriage contracts with the London-based Al-Araby TV news channel. Al-Araby says, in a statement, that Dubai-based DTH operator OSN has ended its contract, as has Etisalat/E-Vision. “OSN and E-Vision have violated contracts signed with Al-Araby TV by stopping its broadcasts on […]
Satellite operator Intelsat concluded its latest refinancing step with a July 5th SEC filing explaining that it has swapped a series of borrowings worth some $1.5 billion and initially due for repayment in 2019. The new borrowings are not now due for repayment until 2025, but the interest rate is up 2.5 points, from 7.25 […]
One in two Australians can now connect to the nbn network as the roll-out of the nation’s largest ever infrastructure project officially passed the halfway point. More than 5.7 million homes and businesses are now able to order a service from their retailer as nbn continues to ramp-up the roll-out of the network by adding […]
Fox Networks Group (FNG) Europe and Africa has announced the appointment of Sonja Brugger as Vice President of Acquisitions, FNG Europe & Africa. Based in London, Brugger will be leading content strategy and acquisitions for Entertainment footprint in Europe & Africa, which includes all Fox branded channel feeds and the new non-linear product, Fox+, which […]