NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Broadcast Industry.

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Sweden’s Telia Company announced a $1 billion deal to buy Bonnier Broadcasting on Friday, its second major acquisition in a week as the top Nordic telecoms operator looks to expand its media business. Bonnier Broadcasting, owned by a prominent Swedish family, includes brands such as Swedish TV4 and streaming service…

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Telia Company said on Friday it had signed a deal to buy Bonnier’s Broadcasting business, in line with its strategy to focus on Nordic core markets while exiting its Eurasian businesses. The Nordic and Baltic telecoms operator - which earlier this week announced the acquisition of TDC’s Norwegian business in…

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Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc (SKYB.L), the remainder of which is owned by Fox. Comcast’s withdrawal is a…

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India’s broadband group Thursday said that the government should allocate radio waves in the 700 MHz and 850 MHz bands for better coverage of fifth-generation (5G) technology and higher frequencies for high data communication. “The government should allocate spectrum of low bands like 700 MHz and 850 MHz for better…

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The U.S. trade ban on Chinese telecom equipment maker ZTE  wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources told Reuters. Disruptions at Russian and emerging markets mobile operator Veon, one of the world’s 10 largest mobile…

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Italy’s biggest commercial broadcaster, Mediaset (MS.MI), has joined forces with infrastructure fund F2i to launch a takeover bid for masts group EI Towers (EIT.MI), in a move widely expected to spur further consolidation in the sector. F2i and Mediaset, which already owns 40 percent of EI Towers, have offered 57…

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Swedish telecom operator Telia Company  said on Tuesday it was buying operator TDC’s Norwegian business for 21 billion Norwegian crowns ($2.60 billion) in a deal that would boost its broadband and TV offering. Telia said the acquisition would make the company a “strong challenger” in mobile, TV and broadband. Norway…

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South Africa-based mobile telecommunications company MTN Group Ltd said on Monday its Dubai subsidiary sold its Cyprus business to Monaco Telecom S.A for 260 million euros($304 million). Africa’s biggest mobile telecoms group said that as part of the deal to sell MTN Cyprus it would allow the use of the…

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Britain finally cleared Rupert Murdoch to buy Sky (SKYB.L) on Thursday, removing the final obstacle to a head-to-head battle between Murdoch’s Twenty-First Century Fox (FOXA.O) and U.S. rival Comcast for the European pay-TV prize. Culture Secretary Jeremy Wright said: “It is now a matter for the Sky shareholders to decide…

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Britain finally cleared Rupert Murdoch to buy Sky on Thursday, removing the final obstacle to a head-to-head battle between Murdoch’s Twenty-First Century Fox  and U.S. rival Comcast  for the European pay-TV prize. Culture Secretary Jeremy Wright said: “It is now a matter for the Sky shareholders to decide whether to…