Telxius, the infrastructure unit of the Telefónica Group, has reached an agreement with German mobile operator Telefónica Deutschland for the acquisition of nearly 10,100 sites, which it says consolidates its position as one of the main global neutral infrastructure operators. The agreement includes a commitment to build 2,400 new Base Transceiver Station (BTS) sites, ensuring […]
Last month it was reported how the organisation which supervises Intelsat’s public service obligations, the International Telecommunications Satellite Organisation (ITSO), had complained to Intelsat’s bankruptcy court that Intelsat had not been paying its dues to ITSO. ITSU had asked the court to authorise a special payment to fund its costs and services. Intelsat responded ahead […]
Eurosport has announced the appointment of Scott Young to the role of Senior Vice President, Production and Content. Young joins from Sky Sports, where he has been Head of Formula 1 since January 2018. Young will be responsible for developing a unique and integrated content offering across broadcast and digital, realising opportunities presented by Eurosport’s […]
Comcast chairman and CEO Brian Roberts has written to all staff outlinging a plan to invest $100 million over the next three years to combat racism and advance social justice and equality. Roberts said Comcast EVP and chief diversity officer Craig Robinson will be spearheading the efforts along with himself, and will coordinate with executives […]
The auction on 26 GHz (25.1–27.5 GHz) spectrum arranged by Finland’s Transport and Communications Agency Traficom has concluded. The participants in the auction were Elisa Corporation, Telia Finland and DNA who submitted the winning bids for the construction of the 5G networks. The auction generated €21 million in revenue to the state. There were three […]
US pay-radio operator SiriusXM has issued $1.5 billion of new Senior Notes debt in a private placement. The offering was significantly oversubscribed. The net proceeds will be used to redeem all of its outstanding 5.375 per cent senior notes originally due for repayment in 2025 as well as borrowings of its 4.625 per cent Notes […]
Cairo-based satellite operator Nilesat suffered further falls in profit for its first-quarter trading. Net profits were down by 5 per cent at $10.8 million ($11.38 million a year ago). Nilesat’s revenues declined to $32.36 million in the January-March period, compared to $32.86 million in the same period in 2019, according to a stock market disclosure […]
FaceBank Group has appointed Diana Horowitz to the newly-created position of senior vice president, advertising sales for fuboTV. Horowitz is based in New York City and will reports to CEO David Gandler. Horowitz brings extensive media experience in digital and broadcast advertising and technology to fuboTV. In her new role, she leads the national advertising […]
Local reports suggest that Amazon is in early-stage discussions to take a stake in Indian telco giant Bharti Airtel. Bharti is India’s third-largest telco with over 300 million subscribers. The reports say that Amazon is looking to pick up a 5 per cent stake in Bharti. Bharti’s rival Reliance Jio has recently seen a slew […]
Channel 4 has announced the launch of 4Sales’ Greenhouse Fund. The new initiative will offer small and medium sized businesses that have never advertised on TV before match-funded commercial airtime across Channel 4’s portfolio. The unique £3 million (€3.3m) airtime relief fund is a temporary solution aimed at SMEs seeking growth as the nation begins […]