Intelsat’s IPO debut floated 25 per cent of the company’s equity but an opening price of $18 a share on April 18th promptly fell back to $17.19, and as low as $16.90 at one point. Early trading was high with 2 million shares changing hands in the first 15 minutes of business. However, recovery was […]
When the books were closed at the end of April 17, it was revealed that Intelsat’s Initial Public Offering was very poorly supported. Even though the price range set by the company was for shares to be bought in the $21-$25 range, the actual price achieved was a disappointing $18. Intelsat sold just 19.3 million […]
Global investment bank VTB Capital has acquired a minority stake in National Satellite Company, the largest Russian satellite TV operator operating under ‘Tricolor TV’ brand. The aim of VTB Capital as a global investment bank and a financial investor is to help Tricolor TV to increase value of its assets and get prepared for an […]
Taiwanese cable pay-TV operator TBC, with more than 1 million connected homes, is looking to mount an Initial Public Offering (IPO) and raising US$800 million in the process. Taiwan Broadband is part-owned by Australia’s giant banking operation Macquarie Group and says it will list the business on the Singapore stock exchange as the Asian Pay […]
German media group Bertelsmann has confirmed previously-announced plans to cut its stake in television and broadcasting giant RTL by selling shares on the stock exchange. “Bertelsmann confirms its intention to reduce its shareholding in RTL Group by way of a secondary public offering,” it said in a statement. Bertelsmann says the transaction would result in […]
Intelsat’s upcoming IPO terms have been unveiled. While originally Intelsat talked about raising $1.5 billion, and then reduced its expectations to $750 million, the actual target amount falls somewhere between the two. Intelsat will sell off 21.74 million shares at $25 a share, plus another 3 million convertible non-voting preferred shares priced at $50 each. […]
In May last year Intelsat said it wanted a future Initial Public Offering (IPO) to raise around $1.75 billion. Now, in a new regulatory filing, the Luxembourg-domiciled company says it is seeking to raise just $750 million from an IPO. The final figure will largely depend on how enthusiastic the market is to buy into […]
The $400 million merger of three television networks and an investment company is to create the first publicly traded TV company focused on the US Hispanic population. InterMedia Partners said this week that it had agreed to merge its Cinelatino and Intermedia Español Holdings businesses with Azteca Acquisition, a $100 million investment vehicle founded by […]
India’s DTH broadcasters have long complained about the low ARPU rates charged in the sub-continent. Videocon’s d2h service seems to be remedying the problem, with its latest half-year numbers showing a significant rise is subscribers and the its all-important ARPU rates. The rises are more than timely given that Videocon is planning to spin-off its […]
Canada’s Public Sector Pension Investment Board (PSP) holds a majority voting share of Ottawa-based Telesat, the world’s fourth-largest satellite operator. PSP has flagged that it wants to see Telesat mount an Initial Public Offering of its shares to the public. However, Telesat’s other major shareholder is New York-based Loral Space & Communications, which owns a […]