Dasan Zhone Solutions (DZS), an enabler of the emerging hyper-connected, hyper-broadband world, has appointed Charlie Vogt as president, CEO and director effective immediately. Vogt, an information technology and communications executive, joins DZS from ATX Networks, where he remains a member of the board. He succeeds Yung Kim, who has retired after a successful 40-year international […]
BT has reported Q1 revenue of £5.24 billion (€5.8bn), down 7 per cent primarily due to the impact of Covid-19, including reduced BT Sport revenue and a reduction in business activity in its enterprise units. Adjusted EBITDA was £1.81 billion, down 7 per cent, driven by the fall in revenue and continued investment in customer […]
Eutelsat has unveiled its full year financials for the year to June 30th and used the opportunity to announce that it was buying Bigblu Broadband, a major supplier of satellite-based connectivity, for £38 million (€32.39m). Buying Bigblu means that Eutelsat will not have to create its own retail operation for broadband. CEO Rodolphe Belmer said […]
Vivendi’s Canal+ says its international expansion is beginning to pay off, with its total pay-TV subscriber base at 20.4 million, up from 17.1 million in the first half of 2019. The domestic subscriber base stood at 8.5 million at the end of June, including partner agreements, including the new deal with Disney+. At the start […]
The global Covid-19 pandemic has had considerable impact on ProSiebenSat.1 Group’s business performance. In the second quarter of 2020, the German broadcasting group is seeing the first signs of recovery in the advertising business as of July, supported by the economic brightening in the Group’s core markets of Germany, Austria and Switzerland. In the second […]
Would-be mega-constellation OneWeb, which is in Chapter 11 bankruptcy organisation, has been granted a 90-day extension of the timetable to produce a formal plan as to how it might exit Chapter 11. OneWeb is in the process of being acquired by the UK government along with Indian telco Bharti Global who have both promised to […]
Entertainment content market MIPCOM 2020, initially scheduled for October 12th-15th, will now take place as MIPCOM Rendezvous Cannes, a streamlined, three-day gathering of the international television community in Cannes (October 12th-14th), together with MIPCOM Online+, a premium digital service (October 5th-mid-November). MIPJunior, traditionally held as a hotel-based programme screening and networking event, will move into […]
Nokia, thhe Finnish vendor, has improved cash generation and said these were “clear indications of a return to strength in mobile radio”. The firm also increased earnings-per-share year on year, despite the pandemic, seeing its profits rise 22 per cent to €316 million in Q2 despite quarterly revenues falling by 11 per cent or €5.1 […]
United Group, a telco and media operator in Southeast Europe, majority owned by BC Partners, has announced the completion of its acquisition of Vivacom. This follows the approval of the deal by the European Commission in April 2020 and the signing of the agreement in November 2019, when United Group won the tender to acquire […]
Apple has announced financial results for its fiscal 2020 third quarter ended June 27th. The Company posted quarterly revenue of $59.7 billion (€50.3bn), an increase of 11 per cent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 per cent. International sales accounted for 60 per cent of the quarter’s […]