Eutelsat has turned in another quarter of disappointing, and in the process issued its fifth downgrade in the past seven quarters. This time, Eutelsat cut its current year’s trading guidance (which ends on June 30th) from “slight growth” (+1 per cent) which it trimmed to “broadly stable” in October, to yesterday’s anticipated cut of -3 […]
The BBC’s 5G broadcast radio trial in Stronsay, Orkney, has been extended until the end of September 2019. The trial began in February with residents in Stronsay becoming some of the first people in the world to receive live radio broadcasts over 5G mobile networks. The trial has proven extremely popular with participants, with initial […]
As previously reported, two US Republican senators have called on the FCC to take speedy action on the proposed C-band auction. A bank’s special report says that the prospects for investors in SES (and by implication Intelsat) are now potentially capable of considerable upside benefits states Exane/BNPP. “On our weighted-volume assumptions, we believe that the […]
The Walt Disney Company has revealed it is taking full operational control of US streaming service Hulu effective immediately, in return for Disney and Comcast (NBCU parent) entering into a “put/call” agreement regarding NBCUniversal’s 33 per cent ownership stake in the platform. In the deal, Disney can buy out NBCUniversal’s share of Hulu as early […]
Vodafone’s new CEO has had to take back his promise on the dividend as the board cuts it for the first time since 1990 as international operations suffer and 5G costs mount. Previously Nick Reid had said cost cuts, like selling off its towers, would mean it could retain its dividend. But the high cost […]
Inmarsat is to be acquired by a consortium of private equity investors. Its Board of Directors voted in favour of the acquisition on May 10th with the decision helped by the offer being on all-cash terms. The consortium, comprising Apax, Warburg Pincus and a pair of Canadian pension funds, will pay $3.3 billion (€2.9bn) for […]
Recognising that changes in technology and the competitive landscape in recent years mean that the debate about a future digital transition programme for radio in the UK has shifted, Margot James, Minister for Digital and the Creative Industries, has confirmed that the government will begin a review of digital radio in the coming weeks to […]
Netgem’s Board of Directors has decided to separate the functions of Chairman and Chief Executive Officer, appointing Mathias Hautefort as its Chief Executive Officer, replacing Joseph Haddad who will remain Chairman. Hautefort will assume his new position on July 1st and will remain President of Vitis (Videofutur). “Mathias Hautefort has demonstrated, in the Group and […]
Equity analysts from investment bank Exane/BNPP spent an intense week talking to industry executives as well as regulators in Washington, and taking advantage of the Satellite 2019 conflab. The result is a 15-page report which very much focuses on the prospects for the C-Band Alliance’s financially important release of some 180 MHz of C-band spectrum […]
London-based Avanti Communications is looking at various options in order to rise money. The end result will be additional capital in the form of fresh senior debt which it calls The New Facility. The borrowing plans were first mooted in March. As Avanti explains: “The New Facility would be senior as to priority of enforcement […]