Struggling phone company BlackBerry says it has sold up to $900 million (€834m) of its exclusive cellular patents. BlackBerry’s potential sale of its business to Catapult IP Innovations has collapsed. Malikie Innovations Ltd will buy the BlackBerry patents and pay $170 million in cash on deal closing, and another $30 million three years later. BlackBerry […]
Belgian multiplay telco Telenet has confirmed it has been informed by converged broadband, video and mobile communications investor Liberty Global about its intention to launch a voluntary and conditional cash offer for all of the Telenet shares that it does not already own or that are not held by Telenet. Liberty Global has been Telenet’s […]
The European Commission has approved the acquisition of 75 per cent of the capital less one share of VOO SA by Orange Belgium. This decision, which validates the commitments already taken by Orange Belgium and that have been integrated in its business plan, allows the company to move forward with the acquisition. The European Commission […]
UK multiplay operator Virgin Media O2 (VMO2) is reported to be considering a £3 billion (€3.4bn) takeover bid for full fibre altnet CityFibre. Mike Fries, chief executive of VMO2 parent company Liberty Global, is said to have held initial talks with Greg Mesch, Chief Executive Officer at CityFibre. By 2025 CityFibre’s rollout is set to […]
Following the sale agreement announced on February 10th, streaming entertainment specialist Netgem and Nordnet have confirmed that the closing of the sale of Netgem’s fibre france business will take effect from April 1st 2023. The transfer to Nordnet of the 10,000 subscribers to the Videofutur Fibre offer will be carried out in accordance with the […]
Aerojet Rocketdyne’s shareholders have approved the move by L3Harris Technologies to buy Aerojet. L3Harris has tabled $4.7 billion (€4.3bn) for the purchase. 99.7 per cent of Aerojet shareholders approved the move. Aerojet Rocketdyne delivers a broad range of capabilities to support hypersonic aircraft, including solid rocket motor boosters, scramjets, warheads and missile defence technologies. “We […]
Digital content agency and media network Little Dot Studios, part of All3Media, has acquired Locowise, a company at the nexus of media and technology specialising in social media reporting, analytics and benchmarking to measure content performance and improve outcomes. Starting with immediate effect, the acquisition will see Locowise move under Little Dot Studios ownership, together […]
Spain’s fourth largest operator multiplay operator MásMóvil has increased its profit by 134 per cent to €444 million in 2022, mainly as a result of the sale of Euskaltel’s broadband network to Basque investors for €850 million. EBITDA stood at €1.19 billion, up 26 per cent. Revenues amounted to €2.89 billion, up 17 per cent, […]
Italy’s top-flight football league Serie A is considering a purchase of Sky Italia. The move is understood to be one of two items being discussed at a meeting of the clubs, according to daily La Stampa. One is the next auction for TV rights and negotiations with investment funds and banks that have offered to […]
The UK’s Competition and Markets Authority (CMA) is consulting on whether undertakings given by British Sky Broadcasting Group remain appropriate or need to be varied, superseded or released. The consultation will review merger undertakings given by British Sky Broadcasting Group plc in 2001 following a transaction in which it increased its shareholding of British Interactive […]