Vodafone Portugal has entered into an agreement with Llorca JVCO Limited, shareholder of Másmóvil Ibercom, SA, for the purchase of Cabonitel SA, owner of Portugal’s fourth largest multiplay operator Nowo Communications. Nowo has some 250,000 mobile service subscribers and 140,000 fixed access customers (pay-TV and broadband) in approximately 1 million homes covered by its communications […]
Saudi Arabia’s state news organisation says the oil-rich nation will spend an overall $37.8 billion (€38.5bn) on the games industry. This amount will include around $13 billion on a “leading game publisher”. The cash will come from the kingdom’s Savvy Games Group which is owned by its Public Investment Fund (PIF) sovereign wealth fund, one […]
Music streaming service Deezer has announced what it describes as an “exciting new chapter” for UK-based livestreaming business Driift. Driift is acquiring livestreaming technology and sales platform Dreamstage and will be further strengthened by an additional £4 million (€4.5m) investment from Deezer. The acquisition brings together Driift’s production capabilities with Dreamstage’s platform. The combined business […]
Budapest-based 4iG has completed its purchase of 20 percent of Israeli satellite operator Space Communications Ltd (Spacecom) which operates the Amos fleet of satellites. “By Spacecom’s public and private share issue, the Hungarian info-communication company group can acquire a 20 per cent stake in the company. In the next three years, it can be increased […]
DAZN Group, the sports streaming platform, has announced an agreement to acquire the Eleven Group’s global sports media businesses. The transaction, when completed, will propel DAZN to become the broadcaster of top football leagues in Portugal and Belgium. Eleven Group’s businesses will also complement DAZN’s existing positions in Italy, DACH and Spain, where DAZN holds […]
Stephane Courbit, the chair of Banijay, has emerged as the frontrunner bidding for M6 Group via his FL Entertainment investor, along with other, reports Bloomberg. M6 owner Bertelsmann put it on the block after the regulator stopped its TF1 merger, and has reportedly received three offers. The group led Courbit has offered €20 a share […]
Entertainment technologist IMAX has acquired AI-driven video quality solutions specialist SSIMWAVE. IMAX says the move marks a significant expansion of its strategy to deliver the highest quality video images on any screen; to drive new, recurring revenue; and grow its global leadership in entertainment technology. Under the terms of agreement, IMAX acquired SSIMWAVE for $18.5 […]
German media group Bertelsmann has put French commercial broadcaster M6 up for sale following the failed merger attempt with fellow French broadcast group TF1, according to the FT, with Thomas Rabe, Bertelsmann’s chief executive, revealing that the company had been “inundated with expressions of interest”. Bertelsmann has asked for indicative bids by September 23rd. According […]
The Eutelsat/OneWeb merger combination will need to be modified and adapted if the resulting business wants to be considered for the proposed European satellite broadband system, reports The FT. Officials in Brussels are said to be “deeply hostile” to OneWeb because the UK government has a so-called ‘golden share’ in OneWeb, and would mean that […]
Xavier Niel, founder of the Iliad mobile group, has acquired an approximately 2.5 per cent stake in Vodafone Group through his Atlas Investissement investment vehicle. Vodafone stock jumped on the news. Niel has investments in the telecoms sector in nine countries in Europe with nearly 50 million active subscribers combined and more than €10bn of […]