BT has been fined £95 million (€117m) by Ofcom for “overcharging” rival telecoms firms for access to its network. Cable & Wireless Worldwide, BSkyB, Talk Talk, Virgin Media and Verizon are all entitled to refunds. Ofcom said BT had overcharged these firms for “certain wholesale ethernet services” between April 2006 and March 2011 and must […]
Portuguese multimedia company Sonaecom and Kento/Jadeium – owned by Angolan businesswoman Isabel dos Santos – have reached an agreement on the merger of telecommunications operator Optimus and pay-TV operator Zon Multimedia. Dos Santos is the biggest shareholder of Zon Multimedia, owning 28.8 per cent, while Sonaecom controls 100 per cent of Optimus. Total revenues at […]
KPN of the Netherlands has selected Accenture to develop and maintain innovative television services based on the Accenture Video Solution. Under the agreement, Accenture will improve service performance and deliver KPN’s interactive TV service to multiple devices (TV, tablets and smartphones). Using Accenture’s software-based open architecture, KPN is able to offer a unique viewing experience. […]
New York-headquartered cable MSO Cablevision has been hit with a $250 million class action over consequences from the recent Hurricane Sandy. The writ argues that Cablevision has continued to bill subscribers for TV, Internet and phone services despite cables being down or lack of power to enable services to be used. The suit was filed […]
UK quad-play comms provider TalkTalk has revealed that it has connected 29,000 customers to its TV service since September’s launch, with the base growing by 1,000 per day. According to the company, which is targeting 3 million users, the process is running smoothly with very positive feedback from users. The update came as the telco […]
Spanish telco giant Telefónica swung to profit in the third quarter from a net loss in the same period last year, as growing contributions from its Latin American operations offset mounting troubles in Europe. The company said net profit for the three months to September 30th rose to €1.38 billion, from a €429 million loss […]
Subscribers to the BT Vision channel topped 750,000 after 21,000 new sign-ups. Last quarter, BT’s YouView Internet TV service also launched with its core offering to be its recently acquired football and rugby packages. BT has reported that its pre-tax profit rose 9 per cent in the three months to September 30th to £602 million […]
Ratos is selling Stofa to the Danish energy and telecom group SE (Syd Energi) for DKK 1,900 million (€254m). The sale generates a net gain the private equity Ratos of approximately SEK 850 million. The sale is subject to approval from the relevant regulatory authorities and SE’s Board of Representatives. Stofa is a Danish operator […]
Chinese telecom groups Huawei and ZTE do pose a security threat a US Congress report has warned after an investigation into the two companies. It said the firms had failed to allay fears about their association with the Chinese government and military. The companies are among the world’s biggest makers of telecom networking equipment.”China has […]
Mexico’s current telecommunications sector could enjoy a dramatic change if a proposed alteration to foreign inward investment is permitted. A member of Mexico’s congress, Purification Carpinteyro, told local press that fresh investment was needed to redress the lack of infrastructure development. “There is no point in keeping that restriction; the idea is to be able […]