The European Commission has proposed to spend almost €9.2 billion from 2014 to 2020 on pan-European projects to give EU citizens and businesses access to high-speed broadband networks and the services that run on them. The funding, part of the proposed Connecting Europe Facility (CEF), would take the form of both equity and debt instruments […]
Cable Europe, the association for Europe’s MSOs was swift to react to Commissioner Neelie Kroes’ recommendation to the European Parliament that €9 billion be spent on broadband infrastructure between 2014 and 2020 through the Connecting Europe Facility. Caroline Van Weede, Managing Director, Cable Europe says: “There is a case for state aid funding to make […]
The future of the US cartoon series The Simpsons is in doubt after 20th Century Fox Television said it could no longer afford to produce the show without its voice actors taking a huge pay cut. US reports say the company wants 45 per cent pay cuts. “We believe this brilliant series can and should […]
PCCW in Hong Kong is looking to raise as much as 10bn Hong Kong dollars ($1.3bn) in a share sale. The company said it was planning to spin off its telecom unit into a publicly traded trust. A major slice of the money raised will be used to pay off the firm’s debts. “The directors […]
Kabel Deutschland says it will buy in some $60 million-worth of its own stock, in the period beginning today September 19 and ending January 31st. The shares will be cancelled. Based on K-D’s closing price of €37.58 as at last Wednesday, the decision would mean about 1.8 per cent of K-D’s outstanding share capital would […]
SeeSaw, the UK VoD service, has yet to receive the investment promised as part of its spin-off to Criterion Partners from Arqiva – and platform controller John Keeling, commercial director Matt Rennie and product director Richard Dines all quit yesterday. Criterion acquired a majority of SeeSaw from Arqiva this summer, but investment promised by Weston […]
PHXX, a platform development company with expertise in OTT, new media, and gaming services, has received funding to further enhance their ReachOTT platform. Alfalak Electronic Equipment & Supplies, a provider of technology-based end-to-end solutions in the Middle East, has invested $250,000 into PHXX to support this OTT initiative. PHXX developed the ReachOTT platform to provide […]
In an almost perfect case of ‘putting his money where his mouth is’, BSkyB CEO Jeremy Darroch has put all of his annual salary into a share-buying spree. He has bought £384,670-worth of BSkyB shares (at £6.41 a share) which accounts for almost all of his net salary after tax and statutory deductions. But Darroch […]
Tudou has priced its initial public offering in New York, raising $174 million in a deal that valued the Chinese streaming video website at $3.2 billion. The offering is of six million shares priced at $29 each. The shares will begin trading on the Nasdaq market this week. Tudou originally filed for its IPO in […]
TiVo said it plans to buy back up to $100 million of its stock over the next two years. The company said it will fund the share repurchase programme through existing cash. The move comes as the company’s stock has floundered around the $8 mark after sitting at over $12 in April and more than […]