French-Tunisian film and TV entrepreneur Tarak Ben Ammar has told Italy’s Radio 24 that he would be willing to buy Italian public broadcaster RAI if it was up for sale. Ben Ammar said that the privatisation of the broadcaster would serve to get politics out of the TV sector. ”Sawiris bought Wind, Telecom Italia is […]
Philips has announced that it will terminate the agreement with Funai Electric Co., for the transfer of its Audio, Video, Multimedia and Accessories business, following breach of contract by Funai. Philips will take legal action to recover damages caused by Funai. Philips will proceed to investigate other opportunities for the Audio, Video, Multimedia and Accessories […]
Telenor Sweden says it is continuing its commitment in broadband and television services buying Tele2 Sweden (Tele2) fibre and cable business serving the consumer market for a cash sum of SEK 775 million (€91.4m). In 2012, the acquired company had reported revenues of SEK 530 million. The acquisition includes a portfolio of about 370,000 households […]
Pay-TV and broadband services technology specialist Pace has entered into a conditional agreement with advanced, next-generation Optical Transport and Access Network solutions provider Aurora Networks to acquire the company in a $310 million cash deal that it says will strengthen Pace’s position as a market-leading solutions provider for the Pay-TV and broadband industries. According to […]
Dutch operator Ziggo has rejected a takeover offer by Liberty Global. Ziggo said in a statement that it considered the “preliminary” offer inadequate and cautioned there was no certainty of any revised offer. Liberty Global, which owns 28.5 per cent of Ziggo, has been steadily increasing its interest in the Dutch company this year, having […]
Numericable founder Patrick Drahi has confirmed that his investment company, Altice, would raise its stake in the French cable operator to around 30 per cent through its planned initial public offering. “As a result of this transaction, Altice will become the largest shareholder of Numericable” by buying shares from private equity owners Carlyle and Cinven, […]
Liberty Global is planning a complete takeover of Dutch cable firm Ziggo, according to reports in Germany, despite Chief Executive Mike Fries recent statement he was content with the group’s strategic stake in the firm. Liberty Global, which already has a 28.5 per cent stake, is planning to merge the group with its existing UPC […]
Reports from India suggest that the planned buy-out of the popular B4U television group has been shelved, at least for the time being. Eros International had been the prospective buyer and the deal was said to be attractive to Eros because of B4U’s library stockpile of some 2000 movies. B4U transmits a movie channel and […]
Media giant Vivendi gas completed the sale of its 85 per cent stake in games company Activision Blizzard for a total cash price of $8.2 billion. It will hold onto about 12 per cent of the company (83 million shares). The sale was first announced back in July to an investment consortium led by Activision’s […]
The Geneva municipality of Lancy has sold its 55 per cent share in Télélancy SA to upc cablecom. The cable network in Lancy is now owned wholly by upc cablecom, as the company already held a 45 per cent share in Télélancy SA. In the past 18 months, upc cablecom has already taken over the […]