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 […]
Telefónica Group has launched a takeover bid for its subsidiary in Germany Telefónica Deutschland. The Spanish group wants to acquire a futher 28.19 per cent to take full control at an estimated cost of nearly €2 billion. Telefónica Group currently has a 71.81 per cent stake in Telefónica Deutschland, one of Telefónica’s global crown jewels […]
Broadcom has announced that the German Federal Patent Court issued a preliminary opinion finding that a Broadcom patent related to HEVC/H.265 video coding is valid. This opinion follows a September 19th judgment by the District Court of Munich that Netflix infringes this patent. The Munich Court also issued an injunction requiring Netflix to cease and […]
Prasad Corporation, the integrated digitalisation services provider, has announced the acquisition of Omnimago the German media post-production company. Prasad says the acquisition demonstrates its long-standing commitment to preserving cinematic and national archival treasures across the globe through the provision of holistic digital transformation solutions. Through Omnimago, Prasad expands its global footprint and strengthens its position […]
WWE, part of TKO Group Holdings, has announced that Bash In Berlin, the first-ever major WWE Premium Live Event to be held in Germany, will emanate from the Mercedes-Benz Arena in Berlin, on August 31st 2024. The arena can host some 17,000 fans. The announcement of Bash In Berlin, in partnership with Live Nation, follows […]
SpaceX’s Starlink broadband-by-satellite system has slashed the price of its dish/modem equipment for Germany. Its new ‘deposit’ for the equipment has been cut to €299 (plus €23 for delivery) and down from €499. The monthly subscription stays the same, however, at €50. Retailers such as Cyberport and MediaSaturn have the kit on offer, and MediaSaturn […]
Bayerische Medien Technik (BMT), in cooperation with Vestel, is improving local and regional content in Germany. The Local TV portal, which provides easy access to many live streams of local TV programmes and open channels in Germany, is now also available as an app on the Vestel TV platforms LINUX, Android TV and Fire TV. […]