As expected, AT&T is to sell off a slice of DirecTV to TPG and spin off the company to a new business. Private equity firm TPG will then own 30 per cent of the new entity with AT&T holding on to the balance. The deal is expected to close in the second half of this […]
Spain’s public broadcaster RTVE has a new president and a new board of directors following an agreement between the country’s main political parties, the socialist PSOE and the conservative PP. José Manuel Perez Tornero, a journalist and Professor at the Autonomous University of Barcelona, will replace the sole administrator Rosa María Mateo in the role. […]
Spain’s Euskaltel Group – comprising the brands Euskaltel, R, Telecable and Virgin telco – has published its 2020 results, consolidating the growth recorded by the company over the last few years, with record figures in terms of customer base, revenue and results, thus meeting the objectives set out in its strategic plan for the year. […]
A 12-year lawsuit worth more than $1.2 billion between Devas Multimedia and the Indian Space Research Organisation (ISRO) looks no closer to settlement. ISRO had a commercial arm, Antrix, and in 2005 Antrix sold 70 MHz of S-band satellite capacity to Devas Multimedia. The deal was later the subject of civil and criminal proceedings in […]
Ahead of its results announcement, SES confirmed it had extended its contract with Sky UK that will result in a €90 million gain in its secured backlog. SES added: “By the end of the renewed contract, Sky UK will have been an SES customer continuously for almost four decades.” “This is a significant, multi-transponder, multi-year […]
The pandemic crisis has taken a big toll on the financial results of Spain’s two biggest TV groups, Mediaset and Atresmedia. Both saw their profits fall in 2020 by 15.6 per cent and 79.8 per cent to €178.7 million and €23.9 million, respectively. Atresmedia, operator of Antena 3 TV and La Sexta among others, experienced […]
The US’s Federal Communications Commission has announced the winning bidders and the final bid totals in Auction 107 – commonly referred to as the C-band auction. Net winning bids totalled $81,114,481,921 (€66.48bn) and gross winning bids totalled $81,168,677,645 . Twenty-one bidders won all of the available 5,684 licences. “It is essential to America’s economic recovery […]
Researchers at Quilty Analytics have carried out a running total of SpaceX’s fund-raising exercises and estimate that the Elon Musk-backed business has raised around $6 billion (€4.9bn) since the announcement of its – then proposed – Starlink broadband-by-satellite service in 2015. Quilty says its calculations show some $6.54 billion, not including debt financing and the […]
Net Insight has signed an agreement to sell its ScheduALL business to Xytech Systems in a transaction valued at $6 million (€4.9m). ScheduALL offers software-based resource optimisation solutions to media companies globally and has been part of the Net Insight group since 2015. Net Insight says the divestiture of ScheduALL reflects its strategy to focus […]
The Kudelski Group, a specialist in digital security, has announced its 2020 annual results. In 2020, total revenues and other operating income decreased to $741.5 million from $827.3 million in 2019. After a weak first half, Group sales strongly recovered in the second half producing a marginal decline of $5.3 million from the second half […]