Financially challenged Technicolor is looking to strike a conciliation agreement with its existing bankers and lenders (in France described as a SFA: Sauvegarde Financiere Acceleree) and to thus restructure its obligations. Technicolor needs a two-thirds majority agreement by its lenders in order to proceed with the SFA. Alongside the SFA the technology company is looking […]
Would-be mega-constellation operator OneWeb, now in Chapter 11 bankruptcy, has a key date looming; June 26th is a deadline for final bids to be entered for either the whole business or parts of the company. The bankruptcy is being handled by a court in New York and, according to Space Intel Report (SIR), the original […]
China Unicom has selected Nokia for a 10 per cent share of its 5G core network. “China Unicom has chosen Nokia to support the buildout ofits 5G SA Core network in China, marking an expansion of Nokia’s existing 4G working relationship with the Chinese communication service provider,” Nokia said in a statement. Nokia will work […]
Orange Spain and MásMóvil, the second and the fourth largest operators in Spain respectively, have reached an agreement to extend FTTH networks to between 2.2 and 2.7 million homes in the country. Both companies will share the new accesses for a period of 20 years and will be deployed in the next three years. MásMóvil […]
BT has launched a new Dedicated Connection home broadband service for consumers across the UK. The service is specifically designed for customers, regardless of who their current broadband provider is, that want the reassurance increased bandwidth will provide them to help minimise disruption when working from home, gaming or online schooling. The move forms part […]
South Africa’s public broadcaster SABC is promising to completely restructure itself in order to avoid the frequent financial bail-outs from government. South Africa’s finance ministry is requiring SABC to create a new operating model and to work within the nation’s “new business requirements and market conditions […] as well as the need to effectively implement […]
NOW TV has announced that Michelle Golding will be joining the Sky-operated streaming service immediately as Director of Strategy and Propositions. Covering Louisa Taylor’s maternity leave, Golding will report into Marina Storti, Managing Director of NOW TV, and will be responsible for managing the customer proposition and business strategy strands of the OTT business. Storti […]
WarnerMedia has unveiled plans to consolidate its various HBO-branded offerings. The company, which launched its HBO Max SVoD service last month, will phase out HBO Go in July, while HBO Now will be folded into the HBO app in the near future. Current HBO Now subscribers will be able to continue accessing HBO through a […]
Vietnamese entertainment group DatVietVAC is launching its new streaming service, VieON, following four years of development, suggesting it marks the beginning of a new era for the company. Born out of a partnership with BCG Digital Ventures (BCGDV), the global corporate venture incubation and investment arm of Boston Consulting Gsroup, the platform has positioned itself […]
Viu, a pan-regional OTT video service from PCCW Media Group with more than 41 million monthly active users, has revealed that findings from AMPD Research, a subsidiary of Media Partners Asia (MPA), shows it has the highest number of users amongst major video streaming platforms in Southeast Asia. Key highlights of the report: – Viu […]