Liberty Global-Virgin Media benefits limited say analysts

While Liberty Global’s acquisition of Virgin Media will create scale and moderately improve the cable giant’s debt-to-EBITDA ratio, synergies created by the deal will be limited, according to Moody’s. The credit ratings agency also believes Liberty Global will retain the ability to do more acquisitions going forwards, but argues that consolidation of central and eastern […]

New Belgian pay TV service launches with raft of intn’l channels

Dutch telco KPN has launched a new pay TVservice in Belgium, Snow. The service will combine TV, internet and telephony in a bundled offering, competing with existing providers Telenet and Belgacom. The Snow service will be marketed separately from KPN Belgium’s existing mobile telecom offering in the country, Base. The service offers 33 channels including […]

Liberty Global ups stake in Telenet

Liberty Global has increased its stake in Belgian cable operator Telenet to over 58% after making a cash offer for shares in the company that it did not already own. Liberty Global intends to align the strategy and operations of Telenet with the rest of the international cable company. Liberty Global will also seek to […]

LG makes “too low” Telenet offer

Liberty Global has made a per share offer of €35 for the remaining stake it does not own in Belgian cable operator Telenet. The European cable giant made the offer despite previous protestations from Telenet that the offer is too low. The Belgian cabler claims independent valuation specialists Lazard put a valuation range for the […]

Sky buys Sony’s submarine drama Last Resort

UK pay TV broadcaster BSkyB has acquired US submarine drama series Last Resort. The Sony Pictures Television-distributed show airs on broadcast network ABC in the US, where it has a Thursday night 8pm slot. On Sky it will premiere on October 30. The series was created by Shawn Ryan (The Shield) and follows the crew […]

Belgian cabler Telenet pledges extra €30 million for local content

Telenet will commit €30 million of new investment to local programming across the next four years. The Belgian MSO said the funds will be ploughed into Flemish drama, entertainment and formats. The company has launched the Telenet Stimulus for Audiovisual Productions in Flanders (Telenet STAP), which it said is designed to encourage Flemish producers to […]