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 […]
Companies tend not to use formal quarterly announcements to talk about any upcoming plans they might have for an Initial Public Offering (IPO), but Intelsat, the world’s biggest satellite operator, used its Q3 results to explain some key advantages. CEO Dave McGlade told analysts that the recent hurricane had not damaged any of Intelsat’s East […]
Astro Malaysia has said its initial public offering (IPO) has received strong demand from Malaysian and international investors, including leading institutional investors. In a statement, Astro Malaysia said the retail, institutional, cornerstone and Ministry of International Trade and Industry (MITI) tranches of the offering have been priced at RM3.00 per share. At RM3.00 per share, […]
Astro, Malaysia’s largest pay-TV operator, which controls some 50 per cent of the six million Malaysian TV households, launched the prospectus for its IPO, September 21, pricing the retail offering at RM3 (€0.76) a share, with shares already oversubscribed by more than 10 times. The oversubscription rate could well be higher, with the closing of […]
Pay-TV firm Astro Malaysia has set an indicative price range of RM2.70-3.00 per share for institutional investors for its initial public offering (IPO) that could raise up to RM4.56 billion (approx €1.1bn) according to reports. The IPO, which is expected to be listed by end-September or early October, would be Malaysia’s third-largest this year after […]
MobiTV, the TV apps maker for smart phones, has pulled its initial public offering to raise up to $75 million blaming “unfavorable market conditions”. MobiTV reported an $11.8 million loss last year even though its revenue rose 27 per cent to $85.1 million. MobiTV must compete for customer attention with companies like YouTube and Netflix, […]
According to reports online, music video site Vevo is in early-stage talks with investors to try and raise funds ahead of a planned flotation. The broadcaster, owned by Universal Music and Sony Music and Abu Dhabi Media– is said to have hired investment bank Allen & Co. to seek potential backers. Vevo is hoping to […]