Charlie Ergen’s move into cellular telephony is proving to be costly. A $1 billion debt offering of Senior Notes by Dish Network has been priced at 7.35 per cent. The debt is due for repayment by 2028. As a comparison last week SES offered a €400 million Eurobond, also due for repayment in 2028, and […]
June 26th is ‘Bidding Day’ for OneWeb’s assets. Would-be buyers have to enter their bids for OneWeb, which is in bankruptcy. If no – or inadequate – bids are entered, then the process goes forward to an auction of assets on July 2nd. The UK government is widely reported to have joined a consortium bidding […]
The US Supreme Court has denied a review requested by Comcast over its long-running patents argument with TiVo/Rovi. The Comcast appeal request was seeking to overturn the decision by a Federal Court in March that endorsed the US International Trade Commission’s (ITC) opinion which ruled that Comcast could not import its X1 set-top boxes – […]
Nordic Entertainment Group (NENT Group), the Nordic streaming company, has announced it will introduce a new financial reporting structure as of Q2 2020 following the deconsolidation of the Viasat Consumer business after its merger with Canal Digital. In line with the Group’s strategy to be the leading Nordic streaming provider and content producer with a […]
The US Trustee, which is supposed to protect smaller shareholders and investors, has determined that an equity committee of common shareholders with Intelsat stock was not needed at this time but that it reserved the right to revisit the issue in the future as the bankruptcy continues. Seventy-three shareholders had combined (with some 2.3 million […]
The Next Generation Mobile Networks (NGMN) Alliance has announces Anita Döhler as new CEO and Board Director. She will take over her new role from Dr. Peter Meissner, who will retire from this position on June 30th. Since its incorporation in 2006, Meissner acted as founding director and CEO of the NGMN Alliance. Under his […]
Japan’s JOLED, the joint-venture between the OLED divisions of Sony and Panasonic, is suing Samsung Electronics and its subsidiaries in the US and German courts and alleging patent infringements on the joint venture’s organic light-emitting diode panel technologies. The US lawsuit accuses Samsung and its Samsung Electronics America subsidiary as well as Samsung Display of […]
Charlie Ergen’s pay-TV operation Dish Network is offering the financial market $1 billion of fresh financing in the form of new Senior Notes. The net proceeds of the offering are intended to be used for general corporate purposes. The offering of this fresh debt goes only to qualified institutional investors. Pricing and precise terms have […]
Germany’s ProSiebenSat.1 has acquired the free-to-air domestic TV broadcast rights package of the (DFL) Bundesliga football games for the 2021-2025 seasons. Sky Deutschland won five of the seven pay-TV packages. Perhaps coincidentally, private equity giant KKR increased its stake in ProSiebenSat.1 and now holds 6.61 per cent. Earlier KKR acquired a 5.21 percent stake as […]
Media and action sports executive Jaime Pollack has been named Chief Revenue Officer (CRO) for Fight Media Group, a division of Anthem Sports & Entertainment. In this newly created position, Pollack will oversee all revenue generation for the Group, which includes Fight Network and the popular IMPACT Wrestling promotion. Pollack will report directly to Ed […]