Ericsson’s Board of Directors has appointed Börje Ekholm as the new CEO, effective January 16th 2017. Ekholm, a Swedish business insider and veteran board member, will consequently leave his role as CEO of Patricia Industries. “Having spent almost 25 years in different roles within Investor, I have truly enjoyed working with creating long-term value in […]
Pakistan police and agents of the country’s media regulator started seizing ‘illegal’ DTH dishes and satellite set-top boxes in and around the capital Islamabad. The Associated Press of Pakistan news agency, and reported by BBC Monitoring, says the inspection teams confiscated 1762 “illegal instruments” in their raids. The equipment was being used in “illegal business” […]
Netflix CEO Reed Hastings told a WSJ event he was in favour of AT&T’s planned $85.4 billion buy of Time Warner, provided that his streaming company ‘continued to be treated fairly.’ He said it was critical that Netflix’s content be treated the same as Time Warner’s once the deal takes effect. “The key thing is […]
Journalists at Vivendi-backed news channel iTele have gone on strike. The action means that the channel’s ‘Morandini Live’ broadcasts have been suspended, and the launch of ‘CNews’ postponed. The journalists are demanding that Morandini Live’s news anchor, Jean-Marc Morandini, be fired. Canal Plus responded by saying his broadcasts would be suspended for “operational reasons”. Morandini […]
This week is the start of the ‘Big Three’ results season. October 27th sees Intelsat and Eutelsat numbers unveiled, while on October 28th SES reveals its latest quarterly results. The news on each of the three is not exactly glowing. Intelsat, despite some financial restructuring is still heavily burdened by debt, and there is some […]
While Wall Street and the financial newspapers start digesting the news that AT&T has struck a merger deal with Time Warner (TW), the debate inevitably moves onto ‘who’s next?’ Research house Ovum says that the implications for anyone in the content and delivery business are “fundamental”, and just about everyone on either side of the […]
French telco Orange has reported accelerated growth in 3rd quarter revenue and restated EBITDA, driven by very high-speed broadband and convergence. The Group said it achieved a solid commercial performance in the 3rd quarter of 2016, driven by, with 845,000 net mobile contract additions and 348,000 additional fibre customers. There were 25.5 million 4G customers […]
The DTG hosted the inaugural meeting of the Implementation Group for Future PMSE Audio last month. Attended by DTG Members including BBC, Ofcom, Sky and Sony the meeting reflected a broad range of opinion and Mark Waddell, Lead R&D Engineer at the BBC was unanimously elected as Chair of the Group. Programme Making and Special […]
Barely two days after reports emerged that such a deal was likely, giant US telco AT&T and Time Warner have entered into a definitive agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share, valuing the deal at $85.4 billion (€78.5bn). The agreement has been approved unanimously by […]
Consensus among US commentators is that the $85 billion+ tie-up will face a tough regulatory battle with corporate opponents and consumer groups complaining the new group will wield too much market power. The deal will be the first and big test of the next president’s antitrust policy. Donald Trump he would block the deal if […]