Italy’s Antitrust Authority has given its go-ahead for the acquisition by RCS of 51% of Digicast, a company active in the broadcasting of thematic TV channels, principally pay-TV operations over satellite and cable. As a result of the transaction, Digicast will be entirely controlled by RCS. (BP)
Arris evaluates Ericsson Tandberg offer
Arris Group has said the company is evaluating Ericsson’s bid for Tandberg Television following Monday’s surprise bid for the technology company. In a statement Arris said it was currently assessing its options but would be making no further comment. Ericsson’s SKr9.8 billion (€1.05bn) all cash offer for Tandberg represents a 10.4% increase over the offer […]
EC approves Liberty Global control of Telenet
The European Commission has approved Liberty Global’s recently increased and controlling ownership position in Telenet Group Holding NV. As previously announced on November 13, 2006, Liberty Global exercised options that increased the Company’s ownership in Telenet to 28.07%. With today’s regulatory approval, Telenet will be consolidated for financial reporting purposes beginning January 1, 2007 and […]
Ukrtelecom sell off delayed
The part privatisation of the incumbent Ukrainian telco Ukrtelecom, which was scheduled for Q1 2007, is now unlikely to take place before the end of the year. Ukrtelecom, which is currently 92.86% state owned, has already attracted the interest of Russia’s Comstar UTS, and the local holding company System Capital Management (SMS) is also expected […]
Ericsson makes Tandberg counterbid
Swedish telecoms giant Ericsson has announced a counterbid for Tandberg Television valuing the company at SKr9.8 billion (€1.05bn). The cash offer puts a mark up of 10.4% on the previous bid for the company made in January by Arris. Ericsson has already accrued a holding of 11.7% of Tandberg’s share capital and has irrevocable acceptances […]