Prominent UK businessman Allan Leighton is to take over as Chairman of STB maker Pace, which recently gained number one ranking among set-top box manufacturers, but which has also attracted adverse analyst comments following profits warnings. Leighton formerly headed supermarket chain Asda, but came to prominence during his tenure as chairman of Royal Mail. He […]
Siano Mobile Silicon, a supplier of mobile digital TV receiver chips, has completed a $20 million expansion capital financing round. The round was led by leading Israeli venture capital fund, Jerusalem Venture Partners (JVP). The proceeds of the current round will be used for expanding the Company’s innovative product line as it extends its geographic […]
Sony says it expects an annual loss of $3.2 billion after previously predicting a $860 million profit return to profit in the financial year to the end of March. The firm has been hit recently by the Japanese earthquake and tsunami, and a series of computing hacking attacks. The earthquake and tsunami hit plants in […]
Last week was not a good one for the world’s top set-top box supplier Pace. A profits warning issued by the company managed to wipe off 40 per cent from the company’s value, amid calls for CEO Neil Gaydon to be sacked for what one analyst described as “a chaotic range of excuses”. Altium Securities […]
A 22-page report from noted media analyst Sarah Simon at investment bank Berenberg gives a glowing rating for Sky Deutschland. Simon has compared and contrasted Sky Deutschland (Sky-D) with Europe’s other pay-TV operations, notably News Corp’s other ventures with BSkyB and Sky Italia, as well as Digital+ in Spain and MTG in Scandinavia. Simon stresses […]
Weak first-quarter results at Telefonica showed the damage of the stagnant economy in Spain, with the numbers rescued by strong performance in Latin America. And worldwide the group added 9 per cent to its pay-TV subscriber base – 2.865 million compared to 2.613 million last March. Overall the group had a 2 per cent fall […]
French entertainment and telecoms company Vivendi has reported a solid start to the year with huge sales of Call of Duty: Black Ops and World of Warcraft boosting earnings in its games division by almost a third, more than countering a plunge of 35 per cent at Universal Music Group. Overall Vivendi, which also owns […]
The German pay-TV provider added 73,000 new customers in the first three months of 2011, taking its total subs base to 2,726,000 for the end of March, up from 2,471,000 a year earlier and a step on the way to its challenging 3m target by this next year. Q1 revenues grew 15% YonY to €269.6 […]
BT reported a 71 per cent rise in profits after more than £1 billion (€1.146bn) of cost savings helped it overcome a four per cent drop in revenues. The bigger-than-expected improvement in full-year profits to £1.7 billion was helped by continued success in broadband. BT said 252,000 customers were added by companies using BT’s network, […]
Satellite operator SES, as at March 31st, was fully using 995 transponders out of a fleet total of 1249 (79.7 per cent, and up 32 transponders on the same period last year) with markets like India filling “every available transponder” on its SES-7 craft and is the reason why SES has ordered a new 33-transponder […]