Germany‘s largest cable operator Kabel Deutschland (KDG) is looking to issue more shares. Bankers Morgan Stanley supports the move. Indeed, in a note to investors the bank says the cable giant has “robust prospects” and advises clients to stay ‘overweight’ given its forecast of a 16 per cent upside to its E31 a share target […]
The BBC Trust has proposed to Government that the licence fee should be frozen at its current level of £145.50 (E173) for the remaining two years of the current settlement, through to March 2013. This would mean taking an estimated £144 million out of planned BBC budgets. Outgoing BBC Trust chairman, Sir Michael Lyons, said: […]
Following a record 40 per cent revenue growth, driven by increased demand for broadcast services on both satellite and online platforms, London-based sister companies Playout247 and Vision IPTV have unveiled a major investment programme in studio and broadcast technology supported by capacity increases. Four existing studio facilities have been upgraded to HD, and […]
Swissom has offered to buy out its remaining fellow shareholders in Fastweb, giving the Swiss telecommunications group full control of its troubled Italian subsidiary. The Swiss group will offer Fastweb shareholders E18 a share – 34 per cent, over this weeks prior average price. The all-cash deal will cost the highly profitable Swiss group […]
Five is to lose seven of its nine executive directors in a management cull as new owner Richard Desmond looks to cut £20m (E24m) from the business. In total up to 80 jobs will go. Among the leaving are director of strategy Charles Constable and managing director Mark White. Dawn Airey, the Five chairman and […]