Silicon and software solutions provider Entropic Communications has been selected as the successful bidder to acquire Trident Microsystems’ set-top box (STB) system-on-a-chip (SoC) assets for a purchase price of $65 million, a $10 million dollar increase to its original offer. Confirmation follows the completion of an auction, and the final transaction is subject to approval […]
Liberty Global has announced financial and operating results for the year and the three months ended December 31st, 2011. Highlights include organic RGU additions increased 42 per cent to 1.2 million, revenue up 5 per cent to $9.5 billion and operating income increased 30 per cent to $1.8 billion. Meanwhile, Dutch daily De Telegraaf reported […]
Spanish construction and telecoms giant Abertis is buying a large stake in Spanish satellite operator Hispasat from Telefónica. Abertis, which recently cut its investment in Eutelsat by half, is paying $164.5 million for Telefónica’s 13 per cent stake in the Spanish operator. It means Abertis controls almost 50 per cent of Hispasat. Abertis will now […]
Following yesterday’s reports in US press that Cisco was looking to sell Scientific-Atlanta, the company has moved to confirm its commitment to set-top boxes, describing such comments as “erroneous” and “unsourced”. In a Service Provider blog, Corporate Communications head John Earnhardt drew attention to comments made earlier in the month by Cisco Chairman and CEO […]
OAO Rostelecom, Russia’s dominant fixed-line phone operator, plans to boost its stake in pay television operator National Telecommunications, or NTK to 100 per cent, according to Russian newspaper Kommersant. Rostelecom could spend $460 million to acquire the 28 per cent of NTK shares it doesn’t already own from OAO Gazprombank.
The US Justice Department and the European Commission have approved Google’s $12.5 billion purchase of Motorola Mobility. The acquisition gives Google a foothold in the mobile phone industry and could boost its Android mobile operating system. Google also gains access to Motorola’s trove of patents, which it can use to fend off lawsuits from Apple […]
Barely a week goes by without someone suggesting that DVR manufacturer TiVo is about to be taken over. Assorted names have been mentioned, not least one or other of the EchoStar family of companies, in EchoStar’s case if only to bring the – now ended – IP litigation to an end. Other would-be ‘buyers’ have […]
Australian regional pay-TV provider Austar is to seek court approval to postpone its Shareholder Meetings relating to the proposed acquisition of Austar by Foxtel to the end of March 2012. This will allow time for the Australian Competition and Consumer Commission (ACCC) to finalise its review of the transaction. Further details of the postponement will […]
A Class Action lawsuit from Vivendi investors who bought into the company when it was being run by Jean-Marie Messier some 10 years ago, has been largely dismissed. The action, before US District Judge Richard Holwell in Manhattan, argued that Messier and his CFO at the time (Guillaune Hannezo) made materially false or misleading statements […]
Genexis – a European market specialist in home gateways for fibre-to-the-home – has acquired the CPE (Customer Premises Equipment) business unit of PacketFront. All activities of the business unit will be fully integrated into Genexis and its new subsidiary – Genexis AB – based in Stockholm, Sweden. “This acquisition marks an important step in Genexis’ […]