IDATE forecasts that in 2020, for the USA and EU combined, OTT communication service revenues will have increased to €15 billion from €7 billion in 2012. Yet they will still only account for 6 per cent of total communication service revenues, with telcos accounting for the remaining 94 per cent. The total market will decline, […]
Swedish telco TeliaSonera has reported a 35 per cent rise in fourth-quarter net profit, driven by one-off gains, including from the initial public offering of Russia’s second largest mobile operator MegaFon. The company said it expects growth in revenues in local currencies in 2013 to remain flat at the 2012 level, but that currency fluctuations […]
The disappointing financials of 2012 and the unsatisfactory bids received so far could complicate the planned sale of Telecom Italia’s media unit. According to local media reports, the full-year losses at Telecom Italia Media may have reached €100 million (€53.8 million in Q3 2012), mainly due to lower than expected revenues. This means that the […]
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 […]