ONO secures €200 million additional funding

The board of directors of Spanish cable operator ONO has approved providing funds worth €200 million from shareholders through a shareholder loan as part of a refinancing plan for the company.

PrimaCom looking for fresh investors

German cable operator PrimaCom is looking for fresh money as its owner, Luxembourg based investment firm Escaline, is in heavy debt. According to German press reports, both Versatel and Unitymedia have shown an interest in acquiring the cabler.

Kabel Deutschland IPO on March 22

Germany’s biggest cabler Kabel Deutschland KDG plans to raise about €700 million in an initial public offering scheduled on March 22, according to a prospectus that has just been published.

Meo keeps customers on the line

Portugal Telecom has pointed to the success of its Meo IPTV platform as the key factor in the turnaround of its wireline business. The fourth quarter saw gross profit increase by 0.4% year-on-year, the best performance for 19 quarters.

Digital TV revenues outstrip analogue

Cable Congress 2010 – Brussels. The annual Cable Congress opened today on a highly positive note with an overall revenue growth of 3%, €17.9 billion up from €17.4 billion in 2008.

Pace profits jump four-fold

Pace has further cemented its position on the digital TV technologies market in 2009 with profits of £69.9 million, a 405% increase on the £13.8 million of 2008.

Sharp increase in ZON triple play

Leading Portuguese cablenet ZON Multimedia has reported a 17.66 percentage point increase in the number of subscribers taking its triple play services. The operator has also reversed a recent decline in pay-TV subscriptions.

Pace becomes world’s second largest STB supplier

Pace has moved into second place in the league table of leading set-top box suppliers. Independent research by Screen Digest has seen the Saltaire-based company overtake Technicolor, the former Thomson set-top division, to sit behind world leader Motorola.

ANT profitable in second half

The mainstream adoption of web-based TV services helped push Cambridge-based middleware provider ANT into profitability for the second half of 2009.

Digital conversion grows Canal+ subscribers

Increased subscriber revenues and new digital services including Foot+ on XBox, Canal+ on iPhone, and Le Cube hybrid receiver helped Canal+ Group grow both revenues and subscribers during 2008.