Satellite builder Space Systems/Loral (SS/L), owned by Maxar Technologies and its CEO Howard Lance, has confirmed that he has “a number of prospective buyers” in discussion to acquire SS/L’s Palo Alto, California production facility. Lance was speaking during Maxar’s quarterly earnings statement where he reported that overall combined earnings for Maxar’s Space Division were down […]
ViaSat of Carlsbad, California, has agreed a $188 million (€165.3m) insurance claim as compensation for antenna failures on its ViaSat-2 satellite. Some $44.4 million has already been banked. ViaSat operates high-speed fixed and mobile broadband services to North American consumers as well as government and large commercial users. The operator is expanding over Europe and […]
Basque-country cable company Euskaltel saw its profits rise by 41.5 per cent to September 30th, hitting a total of €46.6 million. The group, formed by Euskaltel, Telecable in Asturias and R in Galicia, earned €521.1 million in revenues, up 17.4 per cent on the same period last year. EBITDA amounted to €252.9 million, up 15.3 […]
CreativeFuture, a grass-roots coalition which unites those who value American creativity and innovation in the fight against content theft, has sent a letter to all candidates running for Federal office in the forthcoming midterm elections. Over 400 prominent members from the creative communities have signed the letter – joining over 100,000 others who signed the […]
ITV, the UK commercial broadcaster, has announced the appointment of Chris Kennedy, currently CFO of Microfocus International, as CFO. He is expected to join ITV on February 1st 2019. Sir Peter Bazalgette, Chairman of ITV, said: “Chris was the stand-out candidate in a very strong short list and the Board are really pleased that he […]
The managing director and his deputy have resigned from ERT, Greece’s public broadcaster. Vassilis Costopoulos and his deputy Giorgos Thalassinos have quit according to local reports and following alleged pressure from the government’s Deputy Minister, Leferis Kretsos, at the Ministry of Information & Communications. Reports say that sources close to Kretsos attributed the resignations to […]
ZEE5, the digital entertainment platform from Zee Entertainment Enterprises, has partnered with Publicis Capital to help drive its global strategy. One month into its soft launch in 190+ countries, ZEE5 has entrusted Publicis Capital with the mandate of driving its international communications, creative campaigns and digital initiatives. The brand will be handled by the agency’s […]
Synamedia, the independent video software and solutions company, has appointed Rick Medlock as Chief Financial Officer. Synamedia opened for business following the completion of Permira funds’ acquisition of Cisco’s video business on October 29th. Medlock brings more than 30 years of experience as CFO at technology firms including FTSE100 companies Worldpay and Inmarsat, as well […]
UK broadcast regulator Ofcom has directed the BBC to conduct a ‘public interest test’ (PIT) to assess properly the value and potential impact on other broadcasters of a number of changes to the BBC iPlayer the Corporation wishes to make, having provided its plans to Ofcom for consideration. In order to protect fair and effective […]
Companies laying high-speed fibre cables used by large businesses, mobile operators and broadband providers will have greater access to broadband infrastructure provider Openreach’s ducts and poles, under proposals set out by communications regulator Ofcom. The plans are published alongside a consultation on Ofcom’s Business Connectivity Market Review (BCMR), which looks at competition for dedicated, high-speed […]