SES Global reported profit and turnover down but declared it was still in the market for small add on acquisitions despite its failed offer for Spacecom of Israel. Net profit fell by 7 per cent to E404 million from the previous year's E435.8 million, mainly on interest charges related to the debt incurred in the […]

DirecTV Latin America achieved net subscriber additions of 199,000 in the quarter, a jump the company attributed to strong customer growth in Brazil, Venezuela and Argentina. The total number of DirecTV subscribers in Latin America as of December 31 increased 21 percent to 3.28 million, compared to 2.71 million as of December 2006. Revenues for […]

Eutelsat Communications said first half net profit was E94.7 million, up from E79.9 million a year earlier, driven by strong business growth from two key sectors using satellite communications, digital TV and high-speed internet. EBITDA was E349.2 million, up from E329.6 million. Sales were E429.4 million, up from E415.3 million.

Modern Times Group posted a 40 per cent increase in fourth quarter pre-tax profit to a better-than-expected SEK607 million, helped by organic sales growth, acquisitions, and sharply increased margins at its free-to-air Scandinavia and Central and Eastern Europe divisions. For the full year group sales were up 12 per cent year on year to SEK […]

DirecTV reported that fourth quarter 2007 revenues increased 17 per cent to $4.88 billion, and operating profit increased 4 per cent to $617 million compared to last year’s fourth quarter. “DirecTV’s content and service leadership continue to drive superior results in a tougher marketplace that reflects increasing competition and a slowing economy. Advanced services–including the […]

Time Warner has folwed up its results with news it is separating AOL's dial-up internet access service from its faster-growing online advertising business. The move could presage a sale or further realignment of both businesses. Jeff Bewkes, Time Warner's chief executive, called the split “one of our top priorities”, adding: “This should significantly increase AOL's […]

BBC World, the commercial arm of the BBC, has confirmed it is in talks with private equity groups to raise funds for possible acquisitions. The Times suggested it wanted to raise up to £1 billion (E1.38bn). The BBC has a £350 million commercial borrowing limit set by government. In recent years it has borrowed some […]

BT saw profits before tax and after exceptional items fall 30 per cent to £447 million (E620m) in the last quarter of 2007. But the group reported strong growth in its broadband and global services divisions, where profitability grew. BT’s retail unit achieved a 35 per cent share of all new broadband connections during the […]

Cisco matched second-quarter targets making $2.1 billion up from the year-ago $1.9 billion. Revenue rose 17 per cent from a year ago to $9.8 billion. Excluding certain costs, earnings rose to 38 cents a share from 33 cents a year ago. Analysts were looking for the company to make 38 cents a share on revenue […]

Despite a record for customer growth in the quarter to the end of December, BSkyB reported a loss of £36 million (E48m) against a profit of £356 million for the same period a year ago. Much of the decline is attributable to the £343 million write down of the value of Sky's controversial holding in […]