Rai Way, the tower company owned by Rai, has reported positive financial results for 2023. Revenue grew 10.8 per cent to €271.9 million, adjusted EBITDA increased 19.4 per cent to €180.3 million, and net profit climbed 17.7 per cent to €86.7 million. The Board of Directors has also approved Rai Way’s industrial plan for 2024-2027. […]
Vodafone Portugal’s attempt to buy Portuguese telecom operator Nowo, first announced in September 2022, has been thwarted by Portugal’s Competition Authority (AdC). The AdC issued a draft decision opposing the deal due to concerns it would stifle competition in the telecommunications sector. The AdC believes Nowo puts pressure on existing operators to offer competitive prices. […]
Not the first time, merger reports between North America’s two DTH operators have emerged, but a Bloomberg report states that Charlie Ergen’s DISH Network (now part of his EchoStar business) is very open to merging with AT&T’s DirecTV. Shares of Dish Network rose 6.3 per cent on March 22nd while AT&T stock went up 1.9 […]
Fremantle has announced the completion of its acquisition of the leading global production studio Asacha Media Group and its portfolio of labels based in France, Italy and the UK. The deal sees Fremantle acquire the Group from Asacha’s founding partners, managers and funds managed by Oaktree Capital Management Asacha is made up of eight distinct […]
The UK’s Competition and Markets Authority (CMA) has suggested that a proposed Vodafone/Three merger, which seeks to combine two of the four UK mobile network operators, could lead to higher prices for customers and affect investment in UK mobile networks. The CMA launched its initial Phase 1 investigation in January 2024 after it was notified […]
Private equity firm Apollo Global Management has reported offered $11 billion for Paramount Global’s Paramount Pictures film studio, according to Reuters. The film studio is considered the jewel of the Paramount media conglomerate, with an expansive movie library that is home to blockbuster franchises like Mission: Impossible, Star Trek, The Godfather and Transformers. . Shari […]
Planetcast Media Services, the media technology services provider in India and Southeast Asia, has announced the acquisition of one of its key partners, Switch Media, a white-label OTT platform provider deployed across Asia-Pacific, Europe and the US. The transaction, which has been finalised, will transfer full control of all Switch Media’s assets to Planetcast. Founded […]
James DeFranco, a co-founder with Charlie Ergen of the EchoStar/Dish satellite businesses, has paid $1.48 million buying shares in the company, and representing about 2.4 per cent of the share issue. DeFranco is a director of EchoStar, which now owns Dish Network. He paid an average of $13.48 per share. DeFranco bought 110,000 shares on […]
Swisscom has entered into binding agreements with Vodafone Group for the acquisition of 100 per cent of Vodafone Italia for €8 billion on a debt and cash free basis with the aim of merging it with Fastweb, Swisscom’s subsidiary in Italy. The transaction consideration will be 100 per cent cash and will be fully debt-financed. […]
Rodolphe Saade, the French shipping tycoon has announced a deal to acquire French news channel BFM TV off Patrick Drahi’s debt-laden Altice group. Saade’s Marseille-based shipping company, CMA CGM, will acquire the French media unit of telecoms group Altice, which includes BFM TV as well as radio RMC, for €1.55 billion. The move will allow […]