Virgin Media is to issue $1 billion in secured bonds as the first step to refinancing its main bank debt on terms similar to its existing credit. The issue will have an eight-year maturity. The proceeds will offer greater flexibility to the operator, which was facing repaying £3.1 billion (E3.44bn) in 2012. Virgin Media has […]
Widevine, the cardless CAS vendor has raised another $15 million of development capital from Samsung Ventures and Liberty Global and a third corporation, each of which have become strategic shareholders in the company. “Widevine will use the additional capital to support and grow our customer base, broaden our product portfolio and defend our intellectual property,” […]
Telegent Systems, a developer of semiconductors that enable mobile TV services, has filed with the Securities and Exchange Commission to raise up to $250 million in its initial public offering (IPO). The company, which plans to list its shares on the Nasdaq under the symbol “TLG,” has yet to announce details such as the number […]
General Electric and Vivendi are apparently $1 billion apart in their valuation of the French group's stake in NBC Universal, damping hopes of a quick resolution to the stand-off holding up Comcast's bid for a majority stake in the group. GE and Comcast, the cable operator that wants to take a 51 per cent stake […]
From Colin Mann in London A senior executive at ITV has suggested that 20 per cent of viewing of its channels will be via 'catch-up' services in 2013, up from four per cent currently. Carolyn Fairbairn, Director of Group Development and Strategy at the broadcaster told delegates at the Digital TV Summit that this would […]
KDG's digital pay-TV subscribers totalled 844,000, up 21,000 year-on-year at the end of September. It had 1.7 million broadband and telephony subscribers adding 645,000 on the year. There were 851,700 internet and 872,000 phone customers. Average services per customer increased to 1.31 from 1.23 giving the operator 11.84 million RGUs, up 585,000 year-on-year. ARPU for […]
From David Del Valle in Madrid For the nine month period to September Spain’s largest cable company declared a net profit of E41 million, up 144.7 per cent, with an EBITDA of E541 million, up 3.5 per cent year on year. But revenues fell by 5.1 per cent to E1,140 million, with subscriptions also dropping […]
Jupiter Telecommunications (J:COM) has announced that the total subscribing households as of October 31st 2009 served by J:COM's 23 consolidated franchises reached approximately 3.26 million, up 343,100, or 11.8 per cent since October 31st 2008. Combined revenue generating units (RGUs) for cable television, high-speed Internet access and telephony services reached 5.89 million, up 655,100 or […]
Widevine Technologies has raised a fresh round of capital. Chief Executive Brian Baker said he plans to announce the financing and details of a strategic partnership with a large customer in the coming weeks. A Securities and Exchange Filing indicated that Widevine had raised over $7 million.
RTL, owner of Channel Five, has reported that revenue declined 6.4 per cent to E1.1 billion in the three months to the end of September. Despite the decline, the pan-European broadcaster and producer – which is majority-owned by German media group Bertelsmann – said that the TV advertising outlook has been improving since late summer. […]