Espial, specialist in the delivery of IPTV middleware and applications, is to acquire all of the outstanding shares of IP video delivery outfit Kasenna in exchange for an aggregate of 4,722,224 Espial common shares.
German pay-TV broadcaster Premiere's shares fell 60% as it announced losses, a subscriber number re-statement and revealed it is trying to restructure bank debt.Premiere said its chief financial officer, Alexander Teschner, had stepped down as it restated its customer numbers to be in line with other pay-TV companies, resulting in a 940,000 drop in the […]
Former Ofcom and NTL chief executive Stephen Carter has been named as minister for communications, technology and broadcasting in the House of Lords, as part of Prime Minister Gordon Brown’s reshuffle.Carter, who has been handed a peerage to take up his role in the House, said: “Given the global financial challenges, the communications sector has […]
Virgin Media Television (VMtv) has confirmed two senior appointments to strengthen and develop its commercial strategy for the multi-screen digital future. David Cuff joins VMtv as its new Commercial Director, responsible for commercial strategy across the full range of VMtv's business. Cuff has previously held positions with Flextech Television and Initiative Media, and runs his […]
Aim-listed Phorm, the internet advertising group that announced a tie up with BT this week, made an pre-tax loss of £13.7m (E17.2m) for the first half of 2008, an increase of 52 per cent from the loss of £9.1m in the same period in 2007. However, in spite of the losses, Phorm still has a […]
The Cloud, the UK-based European wireless broadband provider, has secured its future with a E15m investment via a third round of venture funding. Ferd Ventures, the Norwegian investor, became the latest backer of the privately owned group, joining 3i, Accel and Provider Venture Partners, the Swedish fund.While turnover at The Cloud rose from £6.7m (E8.4m) […]
Ofcom has said that BSkyB has "market power" over live Premier League football and Hollywood films and has launched a consultation that could force it to make the content available to all other pay TV operators at more competitive prices.Publishing the findings of its review of the UK pay-TV market, Ofcom said that BSkyB has […]
In more bad news for BSkyB, the company may have to sell even more of its stake in ITV than it was expecting after the Competition Appeal said an original antitrust ruling may not have been tough enough.With ITV's share price at record lows this would crystallize yet more losses on the deal for BSkyB. […]
Aim-listed Phorm, the internet advertising group that announced a tie up with BT this week, made an pre-tax loss of £13.7m (E17.2m) for the first half of 2008, an increase of 52 per cent from the loss of £9.1m in the same period in 2007. However, in spite of the losses, Phorm still has a […]
Leading European telecoms companies should give rivals access to their superfast broadband networks, the European Commission has said. But in a draft recommendation for national telecoms regulators, the Commission also highlighted the importance of ensuring that Europe's former fixed-line phone monopolies are able to secure appropriate returns on their high-speed broadband investments.Viviane Reding, European telecoms […]