Time Warner Cable could take on more debt if it came across an attractive enough merger or acquisition, Chief Financial Officer Artie Minson told a conference. The company’s current leverage ratio target is 3.25 times EBITDA. “If the right opportunity came along and there was a very clear path of deleveraging over a quick period […]
Val Telecomunicaciones, a Spanish investment holding company, is seeking a buyer for its stake in cable provider Ono SA, according to reports. Val Telecomunicaciones is said to have hired Jefferies Group to find an acquirer for its 5.4 per cent holding in Madrid-based Ono. The stake could be sold for about €120 million which would […]
Vodafone has confirmed that it has obtained unconditional merger control clearance from the European Commission for the voluntary public takeover offer for Kabel Deutschland. With merger approval from the European Commission, all conditions to the offer have been met and Vodafone expects to close the transaction on October 14th 2013. Kabel Deutschland shareholders who have […]
MTG Studios has acquired a controlling stake in Scandinavian production group Nice Entertainment for a price in excess of £70 million (€82m). Nice operates production companies across the region including Monster, One Big Happy Family, Playroom, and Rakett in Norway; Titan, Baluba and Nice Drama in Sweden; Moskito, Production House, and Grillifilms in Finland; and […]
Telecom Italia and media group L’Espresso are in negotiations over creating a DTT alliance to manage five DTT multiplexes – the maximum allowed by current legislation. Despite denials by both parties, the negotiations are ongoing according to Italian daily La Stampa, with the goal of grouping the three multiplexes of Telecom Italia Media with the […]
Despite well-publicised fears at the start of the week that the minimum 75 per cent acceptance level for Vodafone’s planned acquisition of German cable MSO Kabel Deutschland would not be reached by the first phase deadline of September 11th, the telco confirmed September 12th that the voluntary public tender offer has met the required acceptance […]
Shareholders in Kabel Deutschland have expressed concern that Vodafone’s bid for the German cable MSO could fail if the minimum 75 per cent acceptance level is not reached by this Wednesday in the first part of a two-stage tender process, reports the FT. Kabel Deutschland shareholders must tender their shares by this date. Some of […]
In a move designed to position it as the first true end-to-end physical to digital entertainment ecosystem, Toronto-based Cinram, a service provider to the entertainment industry, has acquired OTT delivery management specialist Saffron Digital for $47 million from HTC. With offices in London and Beverly Hills, Saffron Digital specialises in the global management and delivery […]
Microsoft is buying Nokia’s handset business and patents for €5.44 billion. The two already have partnerships for software company’s platform to be on Nokia handsets. Nokia is exiting from the mobile-phone business it once dominated, leaving it mainly as a network equipment maker. Microsoft is making its biggest foray yet into hardware. Microsoft Chief Executive […]
Here in the UK we have just closed the football transfer window. This is an artificial period of time in which all buying and selling of players has to take place. The idea is to remove the destabilisation of players coming and going throughout the season. Now we just have the destabilisation of the deadline […]