AT&T is still considering selling off a “significant minority stake in DirecTV”. According to a report by business news channel CNBC, various Venture Capitalist funds, including Apollo Management, are planning to make bids. However, the bad news for AT&T is that the cash under consideration would value DirecTV at less than $15 billion. That’s a […]
UK multiplay operator Virgin Media has completed what it says is the nation’s biggest ever gigabit switch-on with nearly 3 million homes in London and across Northern Ireland now able to benefit from next-generation connectivity. Residents living in the areas can now make the most of Virgin Media’s Gig1 broadband, which it says is more […]
Liberty Global has published its Q3 2020 financial results showing customer growth and improved free cash flow. CEO Mike Fries commented: “As the Covid-19 pandemic has altered the way we all work and live, our fibre-rich networks continue to deliver seamless connectivity that has never been more crucial. During the quarter we continued to see […]
Virgin Media says it is successfully navigating through the Covid-19 pandemic and is investing in digital and in innovation. The UK and Ireland cable operator is delivering broadband, video and fixed-line telephony services to 6 million customers, and mobile services to 3.5 million subscribers at September 30th 2020. Virgin Media says it expects to emerge […]
Virgin Telco, Euskaltel’s subsidiary for the whole Spanish market, has surpassed 50,000 customers some two months ahead of schedule following “strong growth” in October, adding 30,000 subscribers, 21,000 in fixed broadband and almost 9,000 in mobile broadband. “We are very proud of this milestone”, said CEO of Euskaltel, José Miguel García. “We have managed to […]
The ongoing pandemic is having different impacts on the media device market, according to tech market advisory firm, ABI Research. The pandemic boosted the game console market yet curbed flat-panel TV sales. The arrival of next-generation
In the third quarter of 2020, ProSiebenSat.1 Group saw improved revenue and earnings figures compared to the highly Covid-19 influenced previous quarter. After the global pandemic and the resulting restrictions had considerably affected the German mass media group’s business performance in the second quarter, ProSiebenSat.1 generated revenues of €921 million (previous year: EUR 926 million) […]
Discovery has reported its financial results for the quarter ended September 30th 2020. David Zaslav, President and Chief Executive Officer of Discovery, said: “Discovery delivered improving financial results in the third quarter, a testament to the powerful appeal of our content and brands, led in the US by TLC, which beat top-rated sports and news […]
OneWeb, which should be emerging from its Chapter 11 bankruptcy in early December, has shipped a batch of satellites to the Russian launch site at the Vostochny Cosmodrome, in Russia’s Far East. Vostochny, which means ‘Eastern’ in Russian, is Russia’s second spaceport and designed to take the launch pressure from its main rocket site at […]
UPC, the Swiss cable operator, returned to a state of growth in Q3 with increased subscriptions and record broadband sales, but revenues were still down 5.8 per cent. Baptiest Coopmans, CEO of UPC Switzerland, commented: “The results for the 3rd quarter of 2020 show that our growth plan is working: the various measures have contributed […]