Danish triple-play operator Stofa – a subsidiary of private equity firm Ratos – has acquired the Danish cable TV activities of Canal Digital for an Enterprise Value of approximately DKK100 million (€13.4m). The seller is Canal Digital AS, owned by Telenor. In connection with the acquisition, Ratos is contributing capital corresponding to the entire Enterprise […]
Cisco Systems has built a software platform it says will let service providers blend TV with web content, personal media and social-networking. “We think the future is going to be about reinventing the TV,” Cisco chairman and CEO John Chambers said and described Videoscape as a comprehensive TV platform for service providers that will deliver […]
German cable operator PrimaCom, which filed for insolvency in June 2010 after its shareholders failed to reach an agreement with creditors regarding repayment of a €29.2 million loan, is now ready to be sold on to financial investors. In a debt-for-equity swap, PrimaCom’s lenders Alcentra Group, Avenue Capital Group, Tennenbaum Capital Partners and ING have […]
The evolution of wireless technology and growing demand for faster connections and rapid access to the Internet are key trends that will shape the US telecommunications, media and technology sectors this decade, said Moody’s Investors Service in a new report. Looking specifically at television, though, Moody’s isn’t buying the idea that over-the-top (OTT) broadband video […]
Genband, a developer of IP infrastructure and applications solutions, has signed a definitive agreement to acquire Cedar Point Communications, a specialist in IP switching solutions for cable providers. The transaction is expected to close in January 2011, and is subject to customary approvals and closing conditions. By acquiring Cedar Point, Genband will increase its existing […]
BT’s New Year introduction of Content Connect has come under immediate fire from Internet groups who claim it implements a two tier service which is anti- net neutrality. The new service allows Internet Service Providers (ISPs) that use BT’s network to charge content firms for high-speed delivery of video. “This is a sea change in […]
American voters believe free market competition will protect Internet users more than government regulation and fear that regulation will be used to push a political agenda. The latest Rasmussen Reports national telephone survey finds that only 21 per cent of Likely US Voters want the Federal Communications Commission (FCC) to regulate the Internet as it […]
UAE-based telco du is planning to be among the first companies in the Middle East to provide its customers a 3D TV viewing experience. The company has confirmed that its video-on-demand service is now 3D-capable and has started airing its first 3D content. Du has struck a deal with the UK’s On Demand Group to […]
Sony announced it would add music to its cloud-based entertainment service Qriocity, to be available on a variety of connected Sony devices, from Bravia TVs to Android-based handsets. Qriocity launched earlier this year with video and movie-based content, in April in the U.S. and then extending that to Europe in November. This new music service […]
The chairman of the Federal Communications Commission has revealed that he will vote to approve the proposed merger of Comcast and NBC Universal as long as certain conditions are met. Julius Genachowski December 23 issued a draft order of approval for the merger on the condition that the companies promise to share TV shows not […]