Virgin Media has announced results for the quarter ending March 31st 2013 with revenue up 3.6 per cent to £1.043 billion (€1.23bn) and operating income up 14 per cent to £150 million. Other highlights included cable customer net additions of 8,600, churn fell to 1.1 per cent, the sixth consecutive quarter of year-on-year improvement, triple-play […]
It doesn’t seem that long since owning networks was the very unfashionable, potentially less profitable and, frankly, dead boring end of the business. Commoditisation of bandwidth provision and the obligations of neutrality both put pressure on pipe owners and many looked enviously at their content cousins. Some pipes bought content – Comcast and NBCU – […]
Portugal’s Competition Authority has given its green light to the takeover of cable TV operator Cabovisão by Altice VII – a holding company that invests in telecommunications in Europe. In a statement, the regulator said it decided not to oppose the proposed merger “since the same is not likely to cause significant harm to effective […]
A “marriage” between media giant Time Warner and network broadcaster CBS “now makes more sense than ever” according to a Bloomberg report. Investment analysts at Gabelli & Co suggest that buying the USA’s most-watched broadcast network would give Time Warner, owner of cable channels such as CNN and TNT, more negotiating leverage to win higher […]
SprintNextel’s Board of Directors has formed a Special Committee of independent directors to review and carefully evaluate the proposal received from Dish. The Special Committee plans to evaluate the proposal and additional information that the committee has requested from Dish and provide its assessment to the full Board in due course whether the proposal is, […]
Spain’s dominant telco Telefonica has pulled out of satellite company Hispasat by selling its remaining stake to Eutelsat in a deal estimated at €56 million in cash. Earlier this year Telefonica transferred to Abertis Telecom half of its shares of Hispasat for €68 million and agreed that it would sell its remaining stake in the […]
Slovenian news agency STA has reported that UK-based private equity firm MidEuropa Partners is expected to formally announce the merger of its telecommunications/media interests in the region on April 23rd. United Group will combine the assets of SBB and Telemach. The first is a leading cable TV and broadband Internet provider in Serbia, and a […]
Hulu has hired Guggenheim Partners to advise on a sale of the company, even as the financial services firm is considering making its own bid for the video streaming service, according to Reuters. Guggenheim Executive Chairman Alan Schwartz was first hired by Hulu in 2011 to advise on a sale, but its owners were unable […]
Liberty Global Inc is preparing a takeover bid for Germany’s Kabel Deutschland claims the German business magazine Manager in a trail for an exclusive to be published on Friday. The journal says Liberty Global CEO Michael Fries and CEO of its German subsidiary Unitymedia KabelBW Lutz Schueler are working on the offer. Both parties refused […]
Arris has announced the completion of the acquisition of Motorola Home business from a subsidiary of Google. Arris says this combination will enable it to transform how service and content providers deliver entertainment and communications. Arris paid Google approximately $2.2 billion in cash and issued Google 10.6 million shares of its common stock in connection with […]