British satellite provider Inmarsat said its LightSquared spectrum sharing agreement boosted revenue in the third quarter as its core shipping business was hit by a shift to lower-revenue broadband terminals. The company, which provides communications to ships, aircraft and the military, reported an 18.4 per cent rise in third-quarter earnings to $224.4 million in its […]
The Kudelski Group, owner of Nagravision, has announced a major restructure to cut costs and reflect the convergence between digital TV and Internet. The company says special emphasis will be placed on developing new technologies integrating connected networks. Additionally, by creating a Cybersecurity unit, the Kudelski Group addresses the demand for security and data protection […]
Cablevision has reported a loss of pay-television customers but a gain in high-speed internet customers. Revenues were up 8 per cent from 12 months previous at $1.67 billion, but organic growth was nearly flat. Revenues from pay TV services were up despite a loss in subscribers in the past three months.
Time Warner Cable has missed Wall Street forecasts, sending the cable company’s shares down as much 10 per cent, as it lost more video customers than expected and lost phone customers for the first time. The No. 2 US cable operator said its third-quarter profit missed analysts’ expectations due to mounting programming costs and a […]
Motorola Mobility reported third quarter net revenues up 11 per cent at $3.3 billion but with still microscopic net earnings of $35 million down slightly Year on Year. Home revenues of $825 million, were down 10 percent from third quarter 2010, generating an operating profit of $77 million, flat on last year. However, the company […]
Telenet, the Belgian cable operator controlled by Liberty Global, has raised its profit forecast as customers sign up to more products and higher-priced broadband Internet and mobile-telephony contracts. Adjusted earnings before EBITDA will increase 7.5 per cent to about €719 million this year, the company said. That compares with an earlier forecast of at least […]
Virgin Media has won back 6,300 cable customers in the third quarter of 2011, partly making up for losses of 36,000 over the summer after students disconnected for the holidays. Financial results showed that revenues grew 2.2 per cent to £1 billion year on year, marking a 3.3 per cent rise for the first nine […]
Subscriber losses at Netflix in third quarter 2011 support international ratings agency Fitch Ratings’ view that OTT television will remain largely incremental to traditional pay-television. Fitch continues to believe that the cable and broadcast television models, and their subscriber bases, will not be significantly negatively affected through at least the medium term. Netflix reported a […]
French telco Orange has reported it now has 4.8 million subscribers for its European pay-TV services – with 1 million new additions coming in the last 12 months, mainly in France and Poland. In its native market, the telco saw its pay-TV customer base in Q3 rise 28 per cent year-on-year to reach 4.1 million […]
French set-top box maker Technicolor, (which used to trade as Thomson) saw revenues fall back significantly in Q3, at €837 million, down nine per cent y-o-y. Technicolor’s technology-based revenues slumped 25 per cent when compared to last year’s same quarter. Its Entertainment division, which includes elements such as digital cinema, grew 6.2 per cent, helped […]