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Business

e& takes Vodafone stake

Emirates Telecommunications Group company e&, formerly known as Etisalat, has acquired approximately 2,766 million shares in Vodafone Group Plc, representing 9.8 per cent of Vodafone’s issued share capital (excluding treasury shares) for purchase cost of circa $4.4 billion (€4.23bn). e& has made the investment in Vodafone to gain significant exposure to a world leader in […]

May 16, 2022

TIM agrees fibre deal

In a move designed to speed up digitalisation of Italy, dominant telco TIM, FiberCop and Open Fiber have signed a commercial agreement that allows for the reuse of the network infrastructures in what are termed the ‘white areas’, where the development of a TLC infrastructure under concession has been financed by public funding. The agreement […]

May 16, 2022

Paramount names streaming leadership team

Paramount Global has announced key leadership appointments to further the company’s international expansion of its streaming products, Paramount+ and Pluto TV. Marco Nobili has been promoted to Executive Vice President (EVP), International General Manager  (GM) of Paramount+, where he will lead the strategy and execution for Paramount+’s continued expansion in markets worldwide. Olivier Jollet (pictured) […]

May 16, 2022

OneWeb expects $1bn in 3-5 years

Eutelsat, a significant shareholder in low-Earth orbit constellation OneWeb – which has some two-thirds of its fleet (428 craft) already in space, says that it sees OneWeb generating $1 billion (€0.96bn) in revenues within 3-5 years of its deployment. A note from equity analyst Sami Kassab at investment bank Exane/BNPP to clients anticipates that OneWeb […]

May 16, 2022

AV services registry launches

A new system to integrate online and broadcast audiovisual services promises to provide a coherent, consistent, and convenient user experience across different screens. While users are familiar with traditional electronic programme guides on various television platforms, there has been no standard system to enable users to access service information on any screen. With viewers and […]

May 16, 2022By Colin Mann

Eutelsat still suffering Video revenue challenges

Eutelsat revealed its Q3 financials after the market closed on May 12th. Its financial year ends on June 30th. The Broadcast division’s quarterly revenues fell back 6.8 per cent y-o-y to €172.5 million (from €182 million); Broadcast is 61 per cent of the company’s revenues. The problems in Russia were covered by the company. The […]

May 13, 2022By Chris Forrester

Mediaset Spain: Profit down 35%

Mediaset Spain made a profit of €23.6 million in the first quarter, down 35 per cent than the same period last year. Total revenues, though, amounted to €188 million, up 2.2 per cent, some way short of the €226 million in revenues before the pandemic (first quarter of 2019). EBITDA reached €34.3 million, down 33.1 […]

May 13, 2022From David Del Valle in Madrid

UK MPs to question media secretary

The UK House of Commons Digital, Culture, Media and Sport Committee is to question Nadine Dorries, Secretary of State for Digital, Culture, Media and Sport, on online safety and public service broadcasters as part of an evidence session on the work of the Department for Digital, Culture, Media and Sport (DCMS). In a wide-ranging session, […]

May 13, 2022By Colin Mann

NileSat profits trimmed

NileSat has again seen its profits squeezed. It has recorded net profits of $7.27 million (€7m) during the first quarter of 2022, lower than $15.30 million in Q1 last year. NileSat’s revenues settled at $25.04 million in the first three months of this year, compared to $30.95 million during the same period a year earlier, […]

May 13, 2022By Chris Forrester

BT, Warner Bros Discovery confirm sports JV

Following its announcement of exclusive discussions on February 3rd, BT Group has agreed a set of definitive agreements with Warner Bros Discovery to form a 50:50 joint venture company to create a new premium sport offering for the UK & Ireland and to transfer the operating businesses of BT Sport to Warner Bros Discovery By […]

May 12, 2022By Colin Mann