Monday , 20 May 2019
Breaking News


Canal Plus cuts EUR 1.5 bln distribution deal with beIN

French pay TV operator Canal Plus will pay EUR 300 million per year during five years, or a total of EUR 1.5 billion, to pay-TV and entertainment platform beIN Media Group, in order to exclusively distribute content from the MENA sports channel, bfmtv reported. The amount is the minimum guaranteed each year by Canal Plus. If objectives are exceeded, then the ... Read More »

UPC Cablecom to spend CHF 250 mln on network expansion

UPC Cablecom has confirmed plans to invest over CHF 250 million in extending its network to 250,000 additional premises in Austria and Switzerland over the next five years. Parent company Liberty Global is supporting this initiative as part of its new build investment programme announced earlier this year. Around 50,000 homes are already set to be connected with fibre cable ... Read More »

Drillisch raises dividend after strong 2015 results

German operator Drillisch reported service revenue for 2015 up 52.4 percent to EUR 433.7 million and EBITDA up 23.9 percent to EUR 105.6 million. The results is in line with its earlier increased forecast for EBITDA of EUR 105 million. The company also boosted its dividend to EUR 1.75 per share.  It ended the year with 2.587 million customers at ... Read More »

Starboard starts offensive against Yahoo board

Activist investor Starboard Value wants to remove the entire board of Yahoo and nominate nine directors of its own, the Wall Street Journal reported, citing a letter. The investor said in the brief that it believes the current board and management have continually failed to live up to their own promises and should not be trusted with the decision on whether ... Read More »

Mexico pushes back shared network deadline to 28 September

Mexico’s Secretariat of Communications and Transportation (SCT) is set to announce the winning bidders of its tender to build a national shared mobile network on 28 September, over a month later than planned, reports local daily El Universal, citing SCT head of telecoms policy Ezequiel Gil Huerta. The SCT initially said it would announce its decision on 24 August but ... Read More »

News Corp in talks to take control of Foxtel – report

News Corp and Telstra, the joint owners of Australian pay-TV service Foxtel, are considering a deal that would reduce Telstra’s stake in the venture and take News Corp’s to 51 percent, people with knowledge of the matter told Bloomberg. As part of the proposed deal, News Corp would inject its Fox Sports Australia business, a local unit for sports content, ... Read More »

Enel reveals EUR 2.5 bln fibre plan to connect 7.5 mln homes

Italian utility giant Enel has confirmed plans to invest a total of EUR 2.5 billion to help bring ultrafast broadband to around 7.5 million homes in 224 Italian cities. In a statement, the company said its newly-created Enel Open Fiber venture will take advantage of the installation of around 30 million smart electric meters over the next four years to ... Read More »

China Mobile, StarHub, True strike partnership deal

China Mobile has signed a memoranda of understanding (MoU) with Singapore operator StarHub and Thailand’s True. The partners plan to accelerate strategic cooperation under the framework of what China Mobile calls its ‘Hand-in-Hand Program’ (‘hi-H Program’).  The cooperation covers five major areas, including strengthening device collaboration on research initiatives for mobile network evolution technologies; increasing complementary capabilities for data business ... Read More »

Cisco reorganises engineering division into 4 units

Cisco has sent an internal memo announcing it is reorganising the company’s engineering unit  into four new teams to match areas the company sees as most critical, UK Business Insider reported. The new units are Networking, Cloud Services & Platforms, Security, and Applications & IoT. All of the unit leaders will report directly to CEO Chuck Robbins. Kelly Ahuja, an 18-year Cisco ... Read More »

Vivendi not interested in buying Mediaset TV – Berlusconi

Vivendi has discussed a content sharing deal with Mediaset but is not interested in acquiring the company’s TV operations, according to former prime minister Silvio Berlusconi, whose family controls Mediaset. Berlusconi was responding on Italian radio to a report claiming the two companies had agreed a share-swap deal involving Mediaset’s TV business, according to the Financial Times. The French company ... Read More »