Advanced Television

Business

FCC considering stance on micro-satellites

In January, a new company, US-based Swarm Technologies, launched 4 tiny satellites (‘Space Bees’) each barely larger than a slice of bread.  The FCC told Swarm in December last year that they could not launch the satellites from the US until such time that the company had coordinated their transmission frequencies, and specifically that the […]

May 3, 2018By Chris Forrester

Snapchat redesign sees shares plummet

Shares in Snap, Snapchat’s parent firm, dropped 17 per cent after it revealed the app’s unpopular redesign made it less attractive to current and potential users. Only four million new users were added in Q1 2018 – just over half the number forecast. Snap has further warned slower growth and revenue for it social media […]

May 3, 2018

Xiaomi launches $10bn Hong Kong listing

Chinese smartphone maker Xiaomi has filed to list on Hong Kong stock market, in a move that is expected to raise up to $10 billion (€8.35bn). The stock market flotation will be the world’s biggest debut in 2018 accordng to the BBC, and the largest since fellow China tech giant Alibaba’s raised $25 billion in […]

May 3, 2018

MasMovil for sale?

MasMovil, the fourth largest telco in Spain, may be the focus of a new consolidation move in the market. Its shareholders – mainly venture funds and private groups – are reportedly willing to sell the company in the next two or three years. MasMovil has significantly increased its value over the last year with a […]

May 2, 2018From David Del Valle in Madrid

Intelsat soars 42% on FCC decision

Intelsat had a reasonable set of results on May 1st, but it was a decision by the FCC to examine how its C-band spectrum might be utilised by the upcoming 5G technology that drove Intelsat’s share price to extremely dizzy heights that day. At one stage, Intelsat’s stock jumped 42 per cent before settling back […]

May 2, 2018By Chris Forrester

Apple reports record Q2

Apple has announced financial results for its fiscal 2018 second quarter ended March 31st 2018. The Company posted quarterly revenue of $61.1 billion (€50.9m), an increase of 16 per cent from the year-ago quarter, and quarterly earnings per diluted share of $2.73, up 30 per cent. International sales accounted for 65 per cent of the […]

May 2, 2018

Swisscom “solid Q1 in difficult environment”

Swisscom’s, the dominant Swiss telco, has reported that consolidated Q1 net revenue was up 1.9 per cent on the previous year at CHF 2.8 million (€2.4m), while at constant currencies revenue remained nearly stable (+0.2 per cent). By contrast, Swisscom’s revenue in the Swiss core business fell by 1.8 per cent to CHF 2,206 million, […]

May 2, 2018

Permira confirms Cisco video unit acquisition

Following advanced-television.com’s reporting that a deal was imminent, Permira, the global private equity firm, has confirmed that it is to acquire Cisco’s Service Provider Video Software Solutions (SPVSS) business. Following the close of the transaction, the Permira Funds will create a new, rebranded company focused on developing and delivering video solutions for the pay-TV industry. […]

May 1, 2018

UK competition watchdog submits Fox/Sky report

The UK’s Competition & Markets Authority (CMA) has submitted its final report on 21st Century Fox’s bid to buy the 61 per cent of Sky it does not already own to Matt Hancock, Secretary of State for Digital, Culture, Media and Sport. Hancock now has 30 working days to deliver his final ruling on the […]

May 1, 2018By Colin Mann

Intelsat revenues up 1%

Back on January 1st Intelsat adopted the ASC 606 accounting rules* which make absolute like-for-like comparisons with 2016’s numbers slightly difficult. This year’s Q1 numbers saw total revenue of $544 million, an increase of $5 million or 1 per cent as compared to the first quarter of 2017. Total revenue excluding the effects of ASC […]

May 1, 2018By Chris Forrester