Sky’s “world-class” multinational pay-TV scheme

It has probably been the worst-kept stock exchange secret for some time, but the long-awaited formal news of BSkyB’s planned acquisition of Sky Deutschland and Sky Italia broke at 7am London time on July 25, and the details are now clear. The headlines are that the end results will create a 20 million pay-TV outfit. “The total consideration for the […]

SES: “Robust first-half”

There were two distinct stories in satellite operator SES’s first-half results (to June 30). All of its key metrics were in very positive territory, but currency fluctuations took their toll. For example, overall revenues were up from €910.5 million to €938.9 million, a 3.1 per cent improvement. But had there been constant exchange rates, the growth would have been expressed […]

BSkyB’s “strong performance” for 2014

BSkyB’s 12-months (to June 30) results were perhaps overshadowed by the news of its planned acquisition of its sister companies in Germany and Italy, but CEO Jeremy Darroch spoke of the broadcaster’s “very strong results across the board”, with revenues for the year up 7 per cent, a 23 per cent increase in paid-for products (up 3.1 million) and doubling […]

BSkyB issues 156m new shares

BSkyB is placing 156.1 million new ordinary shares to fund its planned acquisition of Sky Deutschland and Sky Italia, announced at the same time. 21st Century Fox will take 61.1 million shares from the new issue in order to maintain its 39.14 per cent stake in the new operation, and Fox says it will not exceed 37.19 percent of the […]

BBC’s record-breaking sporting summer

With the Glasgow Commonwealth Games currently under way, BBC Sport has reported record digital traffic driven by the major sporting events of the summer so far, including the World Cup, Wimbledon, British Grand Prix and The Open. BBC Sport’s biggest-ever month – with 77.5 million unique browsers in June, beating the previous record of 73.6 million set during the London […]

Altice raises Numericable stake to 74.6%

Investment fund Altice has announced that its wholly-owned subsidiary, Altice France is acquiring a 34.6 per cent stake in French cable telco Numericable Group from Carlyle Cable Investments and CCI (F3) S.à r.l (Cinven), as previously announced on April 7, 2014. A first portion, representing approximately 20.6 per cent of Numericable shares out of the 34.6 per cent purchased, will […]