Aksh Optifibre plans to raise up to $20 million through a private placement to grow its IPTV and Voice over Internet Protocol (VoIP) business in India. The amount will be used to part finance Aksh's capex requirement as it plans to ramp up its subscriber base from 35,000 to 650,000 by March 2013. The company, […]
The strong performance of the Canal+ Group helped Vivendi beat first half forecasts. The premium channel group added 94,000 new subscriptions with the figures adjusted to take into account the merger with the TPS platform. The group has accelerated the migration of the remaining analogue subscribers, with 240,000 upgrades since January 2009 taking it ahead […]
The Kudelski Group owner of Nagravision and major shareholder in Open TV, has released its half year 2009 results. During this period, the Group says it started to reap the fruits of the migration of a significant share of its digital TV conditional access deployed base to the service model. In 2008, the Group delivered […]
German cable operator Kabel Deutschland (KDG) added 23,000 digital pay-TV subs during the 12 months to the end of June, a 2.8% increase on the previous year for a total of 842,000 digital pay-TV RGUs at the end of the first half of the year. The proportion of subscribers taking premium services, including pay-TV, DVR […]
PCCW has reported its first-half net profit edged lower as revenue from telecommunications services declined due to the weakening Hong Kong economy. The dominant telco said its net profit for the six months ended June 30 was HK$654 million Hong Kong dollars ($83.8 million), down 0.3 per cent from HK$656 million a year earlier. Revenue […]
TMT companies are showing some signs of confidence over the economy, according to new research from accountants and business advisers BDO Stoy Hayward, which looked at confidence levels in the sector over the next six months. The survey covered technology, media and telecoms companies across the UK, with worldwide revenues ranging from £10m (E11.7m) to […]
Com Hem the Swedish MSO reported an 11% revenue increase in the second quarter. Digital television subscriptions increased by 4%, passing the half million at 504,000. Pay-TV subscribers on the analogue network continued to fall to 60,400 from 77,300, with migration to digital. Fast internet grew subs were up by 0.3% to 513,100 and telephony […]
Sky Deutschland (formerly Premiere) lost 7,000 subscribers during the second quarter of the year and reported losses of over E360m. The pay-TV operator ended June with 2.364 subs against 2.371 at the end of the previous quarter. While the operator attracted 23,000 monthly contract customers, it lost 30,000 Flex subscribers during that time, overall churn […]
Boxee has closed a $6m round of financing led by Boston-based General Catalyst with participation by prior investors Spark Capital and Union Square Ventures. Neil Sequeira from General Catalyst will join the board. The web to TV company, who suffered a blow recently when Hulu withdrew their service, says the investment will go to improving […]
Intelsat reported results for the three months and six months ended June 30, 2009 with revenue of $642.5 million and a net loss of $32.7 million for the three months. The company reported EBITDAi, of $522.4 million. "Intelsat's record Adjusted EBITDA in the second quarter of 2009 surpassed the $500 million level for the first […]