German cable operator Kabel Deutschland has set March 19th to close an Initial Public Offering looking to raise over E700 million in return for floating 25-30 per cent. The price range for the IPO is expected to be announced today with the offer open from the end of this week. KDG has held talks with […]
Spanish cable operator ONO is to receive a E200 million shareholder loan as part of its refinancing. ONO will have immediate access to E125 million immediately with E75 million in liquidity reserve. The shareholder contribution is a boost to ONO's restructuring efforts though it needs more cash to meet debt covenants and a bond issue […]
From Nick Snow in Brussels In the most awaited – and delayed – session here at Cable Congress, YouTube – the über-OTT service, came face to face with cable; and everyone was friendly, up to a point. YouTube director video partnerships EMEA, Patrick Walker pointed out his service was already massive – 1 billion videos […]
From Nick Snow in Brussels Manuel Kohnstamm has been re-elected as President of Cable Europe at the trade body's 2010 Congress, with his fellow industry chiefs continuing a bullish perspective on the future, with key announcements on mobile strategies, future consolidation and changes to industry association. “It's a crucial time in cable's development and I […]
Liberty Global reported fourth-quarter revenues up 19 per cent from a year earlier to $3 billion, helped by solid growth in its digital TV and broadband customer bases. Revenues rose 7 per cent and operating profit rose to $469 million from $225 million a year earlier, and the net result improved to a profit of […]
Kabel Deutschland, Germany’s biggest cable network provider, has confirmed plans to float its shares. The company didn’t provide details on the stake it intends to float, on the size of the initial public offering nor on a time frame for the listing. According to reports, Kabel Deutschland has decided to proceed with an initial public […]
A Spanish court has ordered Sogecable to pay compensation of E43.94 million for its refusal to offer its premium channels to the cable operator Auna. The Madrid judge ruled Sogecable had been in breach of conract for its refusal to sell movie channel Gran VÃa and Cable Sport to the cablenet in contravention of an […]
Japanese telecoms operator KDDI said it had lowered the voting stake it plans to acquire in the Jupiter cable TV network from US group Liberty Global after regulators questioned the $4 billion deal. Last month, KDDI said it would buy Liberty's 37.8 per cent stake in J:Com. But legal experts raised doubts about the deal, […]
Kabel Deutschland (KDG), Germany's largest MSO that is currently considering its options between sale and IPO, has used the occasion of its results announcement to reject outright the demands of Deutsche Telekom for regulation of the cable market to open up the networks to competitors. KDG pointed to ADSL's dominance in the market for fast […]
Wuhan has officially begun broadcasts over its high-definition interactive next-generation television broadcasting (NGB) platform. In addition to providing traditional cable television services, the Wuhan Broadcasting Corporation’s interactive HD television platform offers a range of public services, including medical, educational, and services, pension services, and water, electricity, The Wuhan Broadcasting Corporation’s network currently covers 3.2 million […]