Business
Telefonica beats forecasts
Telefónica estimates its Imagenio IPTV added 22,513 new subscribers, down on the 32,307 recorded in the same period in 2007, and 65,471 in the first six months of 2008. This brings the subscriber base to 575,558, a year-on-year increase of 27.9%
FT steady
Didier Lombard, France Telecom's chief executive, said the company continued to eye acquisitions in emerging markets but they would be small. The company benefited from the roll-out of new “triple-play” high-speed internet, digital television and internet telephone services. It also saw improvements in its Spanish and UK mobile operations, as customers with contracts replace those […]
Cablevision strong
James Nolan, chief executive, said he planned to meet with shareholders to close the gap between Cablevision's intrinsic value and current market value. The Dolan family is the controlling shareholder of Cablevision and has tried to take the company private several times in recent years. Cablevision earned $98.3 million compared with $317.4 million in the […]
MTG acquires Nova TV
Nova Televisia Bulgaria was established in 1994 and owns 100 per cent of Nova, the second most watched TV channel in Bulga
Nokia ups venture fund
“The investment allows us to act on a global basis,” said John Gardner, partner at Nokia Growth Partners, adding the firm aims to invest into 8 to 10 new firms each year. The venture arm plans to establish direct operations in India and China with the funds. Meanwhile, Google is also considering establishing an investment […]
Disney up slightly
ESPN carriage fees and ad gains were the company's single largest profit driver, but they were accompanied by higher ESPN program and overhead costs. “ESPN led the way, once again,” Disney chief financial officer Tom Staggs told an investors’ telephone conference. Income from continuing operations advanced 7 per cent to $1.28 billion. Revenue advanced 2 […]
BT profit slump
Revenue rose 3 per cent to £5.18 billion, from £5.03 billion with growth driven by major corporate customers. Ian Livingston, chief executive of BT attempted to reassure the market, saying that the company’s full year guidance remains unchanged.
