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 […]
Three non-binding offers, from the Clessidra Fund, mobile operator 3 Italia and Discovery Channel, have been submitted for the TV assets of Telecom Italia Media (La7 and MTV Italia) and the company’s three DTT multiplexes. According to Italian press reports, Italy’s Clessidra Fund was the only bidder for the entire package (broadcasters + multiplexes), offering […]
Four groups are still racing for the assets of Telecom Italia Media that are up for sale, according to Italian newspapers. Cairo Communications, 3 Italia, owned by China’s Hutchison Whampoa, Germany’s RTL of the Bertelsmann Group and the US’s Discovery Channel will submit non-binding bids before today’s deadline. The offers will be then examined by […]
DirecTV is considering a bid for Brazilian telecom company Global Village Telecom (GVT), according to Bloomberg. GVT is owned by the French media and telecoms conglomerate Vivendi, but the owners have plans to offload the company and have drawn up a list of interested parties which will reportedly be given access to the Brazilian asset’s […]
Advanced video services provider Avail-TVN is to provide content for the Google Fiber broadband TV service. Launched in July 2012 in Kansas City, Google Fiber offers connection speeds 100 times faster than traditional broadband and delivers both Internet and TV into the home. Avail-TVN will provide a range of content including studio, broadcast and cable […]