Australia-based speciality satellite connectivity business Speedcast is ready to exit its Chapter 11 bankruptcy. The actual exit will be in mid-March. The bankruptcy was taking place in the US Bankruptcy Court for the Southern District of Texas, and Judge Marvin Isgur approved the creditor settlement last week. The company voluntary filed for bankruptcy protection and […]
Whip Media, the enterprise software platform provider for global content licensing, has announced that Paul Hastings has been promoted to SVP of Global Sales, effective immediately. In this newly created role, he will lead the company’s global sales strategy and oversee the global sales team. He is based in London. Most recently, Hastings served as […]
Three major US government-funded overseas broadcasting operations have seen their bosses fired. The US Agency for Global Media (USAGM), an umbrella organisation which includes the long-established Voice of America as well as Radio Free Europe and Radio Liberty plus Radio Free Asia and the Middle East Broadcasting Networks have seen their directors let go. The […]
The UK’s Competition and Markets Authority (CMA) has outlined its concerns on the proposed merger of Liberty Global’s Virgin Media and Telefónica’s O2. Its focus is on the possible impact of the merger on the supply of wholesale mobile services to MVNOs and other MNOs. The CMA is worried that the combined company could potentially […]
Dominant French multiplay telco Orange has entered into an exclusivity agreement with La Banque des Territoires (Caisse des Dépôts), CNP Assurances and EDF Invest for the sale of a 50 per cent equity interest and co-control of fibre-optic unit Orange Concessions. With 23 public initiative networks (PIN) representing over 4.5 million built or to-be-built plugs, […]
TPG, the former Texas Pacific Group, is in exclusive talks to acquire a stake in AT&T’s DirecTV. TPG Capital is a private equity investment giant headquartered in San Francisco. Multiple reports say that TPG is now in the lead to make a move on AT&T’s DirecTV, although news sources differ in the possible size of […]
SES and Intelsat are still at legal loggerheads over the claimed $1.8 billion action by SES regarding the FCC’s 50/50 division of C-band incentive payments. Nevertheless, the pair met with Umair Javed, Legal Advisor for Wireless and International to FCC Commissioner Jessica Rosenworcel and presented a status report on their plans for clearing C-band frequencies. […]
Extreme E has named Jenson Button as the third Formula One World Champion to join the series. Button will own a team – JBXE – and will also be one of the team’s two drivers. Over the past three years, Button has successfully tried his hand at many other disciplines and championships including the FIA […]
Qvest Media, a systems architect and consultant in the ICT, broadcast and media industry, appointed Marc Schwarze as Chief Operating Officer (COO) and Managing Director of the Qvest Group. Schwarze will be responsible in particular for the company-wide organisation of resource, process and project management, as well as for the units Managed Technology, Service & […]
Mediaset Spain has increased its share in the German TV group ProSiebenSat.1 by 3.43 per cent to a total of 13.18 per cent, in an investment estimated at €104 million. Mediaset Spain initially acquired a 5.5 per cent stake in the group in November 2019. Then, an additional 4.25 per cent in March 2020. The […]