The UEFA Euro 2024 kicks off in Germany in June. As a network supplier, national sponsor and TV rights holder, Deutsche Telekom has announced details of its coverage of next summer’s sporting event.“This tournament is the biggest sporting event of this decade. Deutsche Telekom is a proud partner of UEFA. We are providing Germany with […]
Munich-based Isar Aerospace, which specialises in small satellite launches, has modified its formal registration from a GmbH (‘Gesellschaft mit beschränkter Haftung’, meaning ‘company with limited liability’) to an ‘SE’ (Societas Europaea) registered business. Rumours suggest the move could be a precursor to a move to an IPO. Isar Aerospace has raised significant funds over the […]
German consumers are keeping their wallets firmly closed according to a study from HEMIX (Germany’s Home Electronics Market Index). The first 9 months of this year saw a 6.1 per cent fall in sales of a broad range of consumer electronics compared with the same period in 2022. TVs, the backbone of consumer electronics sales, […]
WWE, part of TKO Group Holding, has announced that due to the incredible early pre-registration response for Bash in Berlin – the first-ever major WWE Premium Live Event to be held in Germany – one of the company’s weekly flagship TV shows, SmackDown, will also emanate from the Mercedes-Benz Arena in Berlin, Germany, the night […]
RTL Deutschland has announced that Stephan Schmitter will become CEO of the German media company effective January 1st 2024. In addition to his current role of Chief Content Officer, Schmitter will take charge of streaming service RTL+ and the reorganised publishing business Gruner + Jahr in his new role. As of January 1t 2024, the […]
ProSiebenSat.1, the German mass media company, has reported that revenues have stabilised after what it described as “a difficult first half of the year”. Group revenues in the third quarter of 2023 were 3 per cent below the previous year at €888 million (previous year: €911 million). Organic revenue growth was almost stable. By contrast, […]
Satellite and aerospace business OHB, headquartered in Bremen, Germany, said that anticipated contract awards were slower coming to fruition and had affected its backlog. It cautioned that the slow-down could also affect its full-year results. OHB reported that various clients including the European Space Agency as well as commercial customers had been slow in issuing […]
Germany-based rocket and space technology company OHB, controlled by the Fuchs family, has sold a significant stake in the business to private equity investor KKR. OHB (its name comes from ‘Otto Hydraulic Bremen’) has operating assets throughout Europe and is a well-regarded supplier to German, European and international space-related projects. It helped build the first […]
The Bundeswehr, the armed forces of the Federal Republic of Germany, reportedly wants its own multi-satellite communications system. Germany’s defence minister Boris Pistorius said on November 9th that it was time for Germany to be “a grown up country” in terms of its security policy. Pistorius said Russia’s war against Ukraine had altered the role […]
Deutsche Telekom has reported it continues to grow in all key performance indicators, and has raised its guidance for the full year and plans to pay out a higher dividend. In Q3 revenue increased by 0.7 per cent year-on-year in organic terms – i.e., excluding exchange rate fluctuations and changes in the composition of the […]