Sweden’s Tele-2 has recorded a 3% decline in revenues following its internal restructuring in the wake of the Com Hem merger.
Sky returns to growth in all markets
Sky’s customer relationships have returned to 99.8% of pre-COVID levels, according to parent Comcast.
German DTH platform HD+ increases prices
German DTH satellite platform HD+ will increase the prices for access to its TV package on Astra (19,2° East).
LG Electronics buys into data firm Alphonso
LG Electronics says it intends to use data analytics, media planning and activation, and Video AI capabilities from Alphonso after becoming the start-up’s largest investor.
Media Distillery secures €3 million funding package
AI technology provider Media Distillery has secured €3 million in funding from a group of TV executives and entrepreneurs.
Jeremy Darroch to become Sky’s executive chairman
Jeremy Darroch is stepping down as chief executive of Sky. The 58 year-old has been at the helm of the broadcaster since 2007 and will be succeeded by Dana Strong, who’s currently president of consumer services at Comcast Cable.
Morgan Stanley funds wants to take over Tele Columbus
An infrastructure fund of the US investment bank Morgan Stanley wants to acquire the majority stake in Germany’s second largest cable operator Tele Columbus.
Leonine acquires SEO Entertainment
German media company Leonine Holding will take over Munich-based production company SEO Entertainment effective January 1, 2021.
Virgin and O2 merger referred for in-depth investigation
The Competition and Markets authority has referred the proposed merger of Liberty Global’s Virgin Media and Virgin Mobile with Telefonica’s O2 for an in-depth Phase 2 investigation.
Triax to merge with Ikusi Multimedia
Denmark’s Triax and the Spanish company Ikusi Multimedia have announced their planned merger in an agreement between Triax’s owner Polaris Private Equity and Ikusi Multimedia owner Velatia Group.