The Lithuanian incumbent telco TEO LT has posted a net profit of LTL169 million (€49 million) for 2009, or 5.7% more than for the previous year.
Motive secures more funding
Motive Television has raised £400,000 (€456,673) by way of a subscription with institutional and retail investors, issuing 200 million new shares at 0.2p per share.
Canal+ Nordic passes one million
Canal+ has finally topped one million subscribers in the Nordic region. New owners TV4 Group said the landmark was a sign that the premium service was providing movies and sports […]
Sky to keep ITV stake for “medium term”
BSkyB has said it intends to retain its 7.5% holding in ITV for the medium term.
BSkyB to reduce ITV stake
BSkyB has formally committed to the sale of a proportion of its holding in ITV plc, the Department for Business, Innovation & Skills has announced.
Teracom expansion on track, just
Swedish transmission company Teracom has said its 2009 financials show it is on course to achieve its goal of becoming a player in the European TV market.
RCS/RDS prepares for bond sale
Romania’s RCS/RDS will try to improve its low level of liquidity through the sake of bonds worth $200 million (€146.1 million) on foreign markets.
TechniSat opens office in France
TechniSat, the German manufacturer of digital receivers and IDTVs, is expanding into the French market and has set up TechniSat Digital France in Paris.
Digital boost for YouSee
YouSee’s decision to offer free basic digital TV services have been rewarded with a 39% increase in its digital add-on subscriber base in 2009.
M6 to sell Canal+ shares to Vivendi
The French broadcaster M6 Group said it would sell its stake in pay-TV channel Canal+ France to Vivendi for €384.2 million. The transaction is expected to close on February 22.