SES’s senior management briefed analysts after their April 30th announcement that SES would buy Intelsat in a $3.1 billion (€2.8bn) cash purchase. The deal is transformational, not just for SES and Intelsat themselves but for the industry as a whole. However, despite some very appealing statistics and forecasts, shareholders were extremely unhappy. Its share price […]
In a surprise announcement, SES has announced it is buying rival Intelsat with a cash payment of $3.1 billion (€2.9bn). In a press statement, SES said: “The combination will create a stronger multi-orbit operator with greater coverage, improved resiliency, expanded suite of solutions, enhanced resources to profitably invest in innovation, and benefit from the collective […]
Mediawan and Leonine Studios have announced the signing of a definitive agreement for Leonine to merge with Mediawan in an all-stock transaction. The combination aims to foster closer collaboration between the businesses, and establish Mediawan as a premier studio with a global presence across 13 countries, 85 labels, a catalogue of some 30,000 hours of […]
Macquarie, the Australian investment fund and former owner of Thames Water, is reportedly looking to sell KCOM, the Hull-based broadband provider amid growing competition from upstart networks. The Telegraph reported that Macquarie has already appointed advisory-focused investment bank PJT Partners to conduct a strategic review of KCOM’s business. The move could potentially result in a […]
US private equity group Apollo Global is considering hooking up with Sony Pictures Entertainment to make a joint takeover bid for Paramount Global to rival the deal on the table between controlling shareholder Shari Redstone and Skydance, the film studio. The potential of the bid is at an early stage, according to reports. If a […]
Ofcom has provided updates on how the media regulator will make spectrum available in the 26 GHz and 40 GHz bands – known as millimetre wave (mmWave) spectrum. This spectrum can carry large amounts of data and has the potential to improve mobile speeds in busy areas, such as train stations, football stadiums and concert […]
Satellite communications specialist Viasat has officially opened its International Business Headquarters in London. As part of Viasat’s focus to streamline operations and drive synergies to better serve its global mobility and government customer base, the company says it has reached another important integration milestone. Viasat acquired UK-based Inmarsat in 2023 and the London office will […]
Harmonic stock was down 17 per cent earlier this week as the company announced a change of CEO and a U-turn on the decision to sell its video business. Nimrod Ben-Natan, a 28-year product veteran at the company, will step up, replacing Patrick Harshman, who is set to retire as president and CEO in June. […]
Prysmian, a specialist in the energy transition and digital transformation, has signed an agreement to acquire Warren & Brown Technologies, the Australian player in telecommunication network connectivity products. Prysmian says the acquisition “represents a strategic milestone for both companies, combining Prysmian’s expertise in Digital Solutions technologies with Warren & Brown’s resources, capabilities and strength in […]
Canal+ has made an all-cash mandatory offer to acquire all the shares of South African broadcaster MultiChoice that it does not already own for SAR35 billion (€1.73bn), both companies have confirmed. That offer at SAR125 per share follows an indicative offer of 105 rand made by Vivendi-owned Canal+ on February 1st, which MultiChoice rejected on […]