ProSiebenSat.1 has reported that results in Q1 2022 in line with the Group’s expectations, noting that its “synergistic business model demonstrates resilience despite the Russia-Ukraine war, ongoing pandemic, and strains on consumer sentiment.” The German broadcasting group saw revenues grow by 2 per cent to €954 million, with a significant growth in advertising revenue being […]
The European Union, the UK and the US government have all formally blamed the Russian government for the February 24th hack and damage to Viasat satellite modems in Europe in the hours before the invasion of Ukraine. The Russian hack of Viasat’s modems resulted in an immediate and significant loss of communication in the earliest […]
Current Time, a Russian-language 24/7 TV channel broadcasting from Prague, has launched on Freeview UK via the Channelbox platform. Current Time is a Russian-language TV channel headquartered in Prague and produced by Radio Free Europe/Radio Liberty (RFE/RL) in cooperation with Voice of America. The channel was established as an alternative to Kremlin-controlled media and brings […]
Veon is a Netherlands-based multinational telecoms service company. Officially domiciled in Bermuda, it was founded in 2009 and perhaps better known as VimpelCom. Its subsidiary companies include Beeline, Kyvistar, Jazz, Wind Telecom and Banglalink. It is listed on the Nasdaq and Euronext exchanges – but the conflict between Russia and Ukraine risks bringing the whole […]
Nokia, the Finland-based multinational telco, IT and consumer electronics company, has reported that Q1 net sales grew 1 per cent y-o-y in constant currency (+5 per cent reported). Network Infrastructure grew 9 per cent in constant currency, driven by strong demand in both Fixed and Submarine Networks while Cloud and Network Services also performed well […]
Eastern European pay-TV will fall from 82 million subscribers in the peak year of 2018 to 74 million in 2027, according to the Eastern Europe Pay TV Forecasts report from analyst firm Digital TV Research. Peak year 2018 included 17 million analogue cable subscribers, which will drop to zero by 2027. The number of digital […]
OneWeb, which has suffered the cancellation of its satellite launch contracts with Russia, has ordered a series of Indian rocket launches. OneWeb has signed an agreement with New Space India, the commercial arm of the Indian Space Research Organisation. The agreement, says OneWeb, will help ensure it completes its satellite launch programme. The first launch […]
Netflix reported a net loss of 200,000 subscribers during its January-March Q1/2022 trading period (compared with Q4/2021) and admitted that there might be worse to come during this current quarter. The loss is the first in more than 10 years of subscriber growth and prompted a 25.73 per cent crash in the company’s share price. […]
Russian Netflix subscribers are to seeking to sue the streaming platform for loss of service; the network has been suspended as a consequence of Vladimir Putin’s invasion of Ukraine. Netflix, which only has about one million subscribers in the country, suspended its service in early-March and halted the development and acquisition of all Russian-made or […]
Telco technology giants Nokia and Ericsson have said they will no longer operate in Russia. Pekka Lundmark, CEO of Nokia, stated: “We just simply do not see any possibilities to continue in the country under the current circumstances.” Nokia followed with a detailed statement on its decision, which read: “For humanitarian reasons, Western governments have […]