Telstra has announced it expects to make a non-cash impairment and write down the carrying value of Ooyala, its US-based intelligent video business, to zero. Following completion of its impairment testing process for the half year ended 31 Dec 2017, Telstra expects to recognise an impairment charge of A$273 million (€173.6m) against goodwill and other […]
China’s StarTimes media group is investing heavily in many African countries. Guo Ziqi, a VP at StarTimes, speaking on February 2nd in Nigeria’s capital Abuja, said its investments in the country have reached $220 million over the past nine years. She was speaking at the formal launch of the Chinese Animation season and heard the […]
Openreach, the infrastructure subsidiary of BT, has launched a ‘fibre first programme’ – which it says starts a potentially huge upgrade of critical UK infrastructure. ‘Potentially’ as it seems to be making its commitment conditional on ‘a supportive public policy and regulatory environment that encourages infrastructure investment.’ It also called for the support of broadband […]
Ericsson has concluded its major review of its broadcast and media solutions businesses. Having separated broadcast into Red Bee Media – which remains an Ericsson company – it is offloading 51 per cent of Media Solutions to One Equity with all assets and employees moving across to a new entity. In the review, Ericsson said […]
The UK Government has delivered on its manifesto commitment to extend superfast broadband to 95 per cent of the UK by the end of 2017, DCMS Secretary of State Matt Hancock has revealed. Figures published by www.thinkbroadband.com have confirmed that more than 19 out of 20 UK homes and businesses now have the opportunity to […]
Belgian company I-MOVIX, which specialised in cameras for capturing extreme slow motion for sports broadcast, is to cease operations, having been declared bankrupt. In a Statement, the company said: “We are very thankful and grateful to our amazing team of young talents, passionate and dedicated engineers, technicians, sales guys, administrative people, etc. We are very […]
Avanti Communications will not see a launch of its much-needed Hylas 3 satellite until “the first 3 months of 2019” according to a company statement. However, there is better news on Hylas 4, a larger satellite, which Avanti says will launch on March 18 (subject to minimal delays caused by the Arianespace launch anomaly of […]
Members of the UK House of Commons Digital, Culture, Media and Sport Committee have said that maintaining access to talent, UK production tax credits, and getting clarity around regulatory equivalence with the EU are vital to resolving concerns about Brexit. The Committee’s report, The potential impact of Brexit on the creative industries, tourism and the […]
As outlined here last week, troubled London speciality satellite operator Avanti Communications has started its potential restructuring. Avanti is proposing a ‘Debt for (new) Equity’ swap, and would issue 2 billion new 1p shares to debt-holders. January 19th saw a Consent Solicitation issued by Avanti. This process will result in one of the following outcomes: […]
Serial media entrepreneurs Jeff Sagansky and Harry Sloan have raised $325 million in their new Platinum Eagle Acquisition fund designed to take advantage of what they say is a particularly compelling time for the industry. The fund will be listed on the NASDAQ exchange (trading as EAGLU). The IPO prospectus says the fund will be […]