Success in quad-play offers and its advanced video offers and OTT services played a role in driving subscriber additions in Europe, according to Liberty Global CEO Mike Fries. Reporting the company’s Q3 results, Fries said they reflected the acceleration in operating performance that it anticipated in Europe (excluding Ziggo), where it generated over 5 per […]
Greece – not for the first time – is again in political crisis, although this time it is the auction of 4 television channels which has created considerable pain for the country’s fragile parliament. On November 3rd Greece’s parliament said it was now looking to annul a law that saw a transfer of control over […]
Israel’s Spacecom satellite operator is still in discussion with China-based Xinwei over the prospects of the Chinese buying Spacecom. Spacecom operates the Amos fleet of satellites, and the sale was stymied by the loss on September 1st of Amos-6 in an explosion while the satellite was in position at the top of a Falcon-9 rocket […]
Canada-based satellite operator Telesat is restructuring its long-term debt and borrowings. It is offering $750 million of Senior Notes due for redemption in 2024. The operator is also restructuring its existing revolving credit lines and will borrow up to $2.38 billion in the form of long-term and shorter-term finance. The proceeds will be use do […]
German commercial TV group Pro7 has raised €515 million in additional capital to finance the “company’s growth strategy by the acquisition of other companies and interests in other companies in particular in the digital space.” The capital increase will furthermore serve general corporate purposes as well as support the strengthening of the company’s balance sheet, […]
Social media site Facebook surprised market analysts with above expected results “on all fronts” for Q3 according to investment bank Exane/BNP-Paribas. However, Facebook’s management, in an analysts call on November 2 said it was cautious about the company’s ad-revenue prospects this coming year. Facebook’s headline numbers were impressive, with revenues jumping 56 per cent, topping […]
Spacecom has been informed by Israel Aerospace Industries (IAI) that IAI’s insurers will pay a sum of $196 million (€176.5m), the full amount that was paid to IAI for the construction and delivery of the AMOS-6 satellite that was destroyed on September 1 in an explosion at the Kennedy Space Center. The sum will be […]
More efficient encoding (HEVC) introduced to products to help pave the way for future UHD (Ultra High Definition) services is one of the key elements of the DTG’s D-Book 9, the industry-determined, next-generation, universally-deployed specification which supports future interactive services and enables the transition towards HbbTV. Open, democratic and supportive of public policy, the D-Book […]
The US Department of Justice has sued DirecTV and its corporate successor, AT&T Inc for acting as the ringleader of a series of unlawful information exchanges between DirecTV and three of its competitors – Cox Communications Inc., Charter Communications Inc. and AT&T – during the companies’ negotiations to carry SportsNet LA, which holds the exclusive […]
Edge Investments, the specialist investment house focused on the creative industries sector, has revealed it will invest up to £10 million (€11.2m) in the thriving UK television production industry. Joanna Smith, Investment Manager at Edge commented: “We want to meet television production management teams who are looking for a pure equity investor focused on growth […]