Danish telecoms operator TDC has been approached by a buy-out group lead by Macquarie. TDC shares jumped 17 per cent on the news and it dropped its $2.5 billion (€2.04bn) bid for most of the assets of Modern Times Group (MTG) – a move that got a cool reception. TDC has been approached by a […]
Karim Michel Sabbagh, currently president & CEO at satellite operator SES, and Padraig McCarthy CFO, are stepping down. Steve Collar, who is currently CEO of SES Networks, has been appointed as the next President & CEO of SES, becoming CEO Designate with immediate effect. Andrew Browne, who was until recently CFO of O3b Networks and […]
Rupert Murdoch has pledged to guarantee funding Sky News for up to five years, as 21st Century Fox seeks clearance for its £11.7 billion (€13.2bn) takeover of Sky. He also pledged not to interfere editorially. The Competition and Markets Authority said in its provisional findings last month that Murdoch’s bid raised media plurality concerns because […]
Amazon has hired Jennifer Salke, president of NBC Entertainment, to head its televisio and movie studio. Salke has overseen the development of comedies and dramas for NBC as president since 2011. She has been behind shows such as The Blacklist and Unbreakable Kimmy Schmidt, and previously was executive vice president of creative affairs at Twentieth […]
London-based speciality satellite operator Avanti Communications has won support from its bond-holders who have given consent for their bonds to be converted into equity. Some 98.09 per cent have agreed to swap debt for newly-issued equity. The notice of the debt for equity swap was issued on January 25th and bond-holders on a large tranche […]
SES has accepted the merits of an Intelsat/Intel suggestion to the FCC that satellite’s valuable C-band frequencies can be shared with telcos in city areas to help boost 5G coverage. SES will join a consortium with Intelsat which is open to all satellite operators. The move, if accepted by the FCC, could prove to be […]
A supplier of illicit streaming devices that are pre-loaded to enable the viewing of pirate broadcasts of Premier League football has had to pay thousands of pounds, and cease all future trading of the illegal devices. Nayanesh Patel, from Harrow in Greater London, sold Kodi-type boxes on several platforms including eBay and Facebook. In doing […]
Video ad serving platform SpotX and online video advertising specialist smartclip have confirmed that the first major steps of their merger have been concluded, becoming one global company with a joint management team. This plan, dubbed ‘One Team, One Platform’, was first announced by their joint parent company, RTL Group, in November 2017. The new […]
21st Century Fox has reported financial results for the three months ended December 31st, 2017. The Company reported quarterly income from continuing operations attributable to 21st Century Fox stockholders of $1.84 billion, a 114 per cent increase compared to $857 million reported in the prior year quarter. The current quarter income from continuing operations attributable […]
US telco AT&T says it is planning an IPO for its DirecTV Latin America division. AT&T says it will be floating a minority interest in DTV-LA. The IPO will likely take place in the first half of this year. The report is not a surprise and was widely reported in October 2017 when rumours suggested […]