The German cable operator Primacom has issued new shares, pushing the stake held by suitor Orion Cable below the 25% mark that would provide it with the ability to block any decision requiring shareholder approval, including whether or not to sell the company Orion’s parent Escaline II S. à r. l. has made an offer [...]
Premium TV boost for Telenet
August 7, 2007 12.01 Europe/London By
The Belgian MSO Telenet has posted revenues of €456.7 million for H1 2007, or 15% more than for the corresponding period in 2006. At the same time, its EBITDA was up by 19% to €217.9 million, while its net profit of €117.7 million compared to a loss of €1.1 million 12 months earlier. Telenet saw [...]
PT Multimedia buys three cablenets
August 7, 2007 11.23 Europe/London By
PT Multimedia has acquired three smaller Portuguese cable TV operators from Parfitel at a cost of €60 million. The company said the cost of the three companies, which represent 164,000 subscribers, was at 12 times their 2007 EBITDA. The stakes purchased by PT Multimedia are 100% of Bragatel, 92% of Pluricanal Leiria and 98.7% of [...]
NDS business growth continues
August 7, 2007 11.16 Europe/London By
NDS has posted revenues of $709,492,000 (€513,782,116) for the fiscal year ended June 30, 2007, or 18% more than in the previous year. At the same time, its operating income rose by 23% to $160,356,000. The company had 75.4 million active digital TV smart cards at the end of this June, as opposed to 65 [...]
Virgin confirms sale delay
August 7, 2007 10.58 Europe/London By
Virgin Media has conceded that the $23 billion sale of the company has been postponed as a consequence of the current turbulence within the private equity markets. “To enhance shareholder value, Virgin Media’s financial advisors have recommended that Virgin Media extend the process until these parties can complete their proposals in a more stable debt [...]
Pace wins Sky digibox supply contract
August 7, 2007 08.22 Europe/London By
Pace Micro Technology has confirmed that it has secured additional business with BSkyB for the supply of the standard Sky digibox. The business, for the financial year 2007, follows last week’s news that BSkyB was to purchase Pace’s set-top rival Amstrad for £125 million (€170m). The Saltaire-based company already has contracts in place to supply [...]
Astra helps SES to strong first half
August 6, 2007 07.23 Europe/London By
SES has recorded a strong first half with the satellite operator reporting a revenue increase of 11% at €789.1 million. Net profit was down from €215.6m in 2006 to €207.8m, though net income in 2007 was impacted by €11.6m, following the launch failure of the NSS-8 satellite. The group satellite utilisation rate at June 30, [...]
BigBand into profit
August 3, 2007 17.17 Europe/London By
BigBand Networks, which went public earlier this year, made a net profit of $1.7 million in the second quarter, following a $1 million loss in the first quarter, as revenues grew 43% year on year to $54.5 million. Operating income increased to $42,000 compared to an operating loss of $0.4 million and a net loss [...]
Ukrainian setback for CME
August 2, 2007 20.48 Europe/London By
The US investment company CME has posted net revenues of $216,284,000 (€158,258,515) for Q2, or 38% more than in the corresponding period in 2006. Its operating income of $66,659,000 (+51%) and net income of $34,590,000 (+306%) were also significantly higher. Czech TV Nova was again the star performer, posting net revenues of $80,544,000 and EBITDA [...]
Thoughts return of Sky Italia IPO
August 2, 2007 18.55 Europe/London By
An IPO pay-TV operation Sky Italia is back on the agenda with the company potentially realising a value of €3.3 billion. Italian daily Il Sole 24 Ore said in an unattributed report that the flotation of the News Corp company, shelved last year, was now back on track. Goldman Sachs is the most likely advisor [...]
