German cable company PrimaCom, which was taken over by its lenders in 2011 after its parent’s insolvency, is being put up for sale as German regulators pave the way for consolidation among smaller network operators, reports Bloomberg. Investment bank Jefferies Group Inc has been hired to prepare the search for a buyer, said Bloomberg sources. […]
Affinegy, a proven global supplier of service enablement and network management software solutions for the home, has acquired Sagemcom’s TR-069 ACS Solutions business. The financial terms of the deal were not disclosed. With the transaction, Affinegy has: – Grown its team by 40 per cent and added two new locations – an engineering and business […]
Cinedigm Digital Cinema, the global specialist in digital cinema, has agreed to acquire leading entertainment distributor New Video Group, a digital aggregator of independent content and leading distributor of quality entertainment. Cinedigm’s acquisition of New Video will create a new full service end-to-end digital releasing studio, enabling the Company to acquire and distribute independent films […]
UK independent online entertainment retailer ShopTo.net has acquired VoD streaming service FetchTV. The acquisition is subject to customary closing conditions and is expected to close in May 2012. FetchTV brings SmartBox set-top box technology and the FetchTV streaming and movies on demand expertise. FetchTV boxes are sold by the likes of Tesco, Currys and PC […]
Deutsche Telekom may bid for regional cable company Tele Columbus – Germany’s third largest cable provider with 3.7 million connected households – to shore up its position in its key home market against competition from rivals Liberty Global and Kabel Deutschland, according to Reuters. By acquiring Tele Columbus, Deutsche Telekom would prevent it from falling […]
Aster Cable, a failing cable company in the Dominican Republic, was recently sold via auction to Consorcio Energético Punta Cana-Macao (CEPM). CEPM paid US$27 million for the business, although most observers expected the sale to achieve around US$44 million. Aster had been in administration for the past three years. Now the local Justice and Transparency […]
The Australian Competition and Consumer Commission will not oppose the proposed A$1.9 billion acquisition of Austar by Foxtel after accepting court-enforceable undertakings from Foxtel. Austar shareholders voted March 30 to approve the deal. “This is a great outcome for consumers because we will now be able to create a company of scale that will deliver […]
Canal Plus has proposed to the Competition Authority seven commitments over three years in the hope the regulator will grant permission for its acquisition of Bollore’s free-to-air TV channels Direct 8 and Direct Star. C+ proposals include non-discrimination for advertising and broadcasting rights for Studio Canal films, separate negotiations between its premium and free-to-air […]
Infrastructure and application provider Genband has announced that it has closed a deal to acquire Aztek Networks, a leading supplier of switch consolidation and network migration solutions. “The Aztek acquisition strategically enhances our network transformation capabilities with both innovative technology and talent,” said Charlie Vogt, president and CEO of Genband. “We welcome Aztek customers, employees […]
Royal Philips Electronics has announced the creation of a joint venture with TPV Technology Limited of Hong Kong. The JV will be called TP Vision and will be 70 per cent owned by TPV and 30 per cent by Philips. TP Vision will develop, manufacture and market Philips branded TV sets. TP Vision, with headquarters […]