ccpbullv

ccpbullv

HK Tourism Board rides into Year of the Horse

first_imgThe festivities were enjoyed by all, with a jazz band, cocktails and canapés.  The stars of the travel and tourism industry attended the annual Hong Kong Tourism Board (HKTB) Chinese New Year reception last night, with some big name guests from Cathay Pacific, Jetset Travel World and Virgin Atlantic making an appearance. Source = ETB News: T.N.center_img The HKTB Sydney chief executive officer, Andrew Clark, mentioned the importance of tourism professionals in helping the Tourism Board grow since 2004.last_img read more

Read More

ccpbullv

FHA Commissioner to Step Down

first_imgFHA Commissioner to Step Down in Government, Headlines, News Bailouts Carol Galante FHA HUD 2014-08-11 Tory Barringer Updated.Less than two years after being confirmed as the head of the Federal Housing Administration (FHA), Commissioner Carol Galante is making plans to step down from her post.In a message sent to her staff Monday morning, Galante revealed that she intends to depart from HUD by the end of this year, after which she will assume a distinguished professorship at the University of California, Berkeley, where she received her master’s in city planning.She will also serve as the director of UC’s Berkeley Program in Housing and Urban Policy and will co-chair the Fisher Center on Real Estate’s Policy Advisory Board, according to the letter.Biniam Gebre, currently general deputy assistant secretary for housing, will lead following Galante’s departure.The announcement is expected to come later this week.Galante has been with HUD for five years, starting her career at the department as deputy assistant secretary for multifamily housing. She was nominated by President Obama for the role of FHA commissioner in 2011, receiving her confirmation from the Senate in late 2012, only a month after an audit revealed the agency’s mortgage insurance fund had plummeted deep into the red as a result of losses it took following the housing bust.Despite efforts made to restore the fund, FHA was forced last year to take a $1.7 billion Treasury draw to strengthen its financial position.As FHA continues to see the effects of its push to bolster its capital—including overhauling its reverse mortgage program and bringing up insurance premiums—the White House budget forecasts no further draws this year, a fact Galante celebrates in her message: “By working hard to establish the right pricing, increase recoveries on distressed assets and better manage risk, we have turned the corner on those losses and significantly improved the financial health of the Fund.”Over the next few months, the commissioner said she plans to continue focusing on FHA’s recent Homeowners Armed With Knowledge (HAWK) program, which aims to increase credit availability to first-time homebuyers by offering reduced premiums to those who participate in counseling and homebuyer education programs.”I remain passionate about the work we do to make housing more available and affordable for American families and assist communities to thrive,” Galante said. “It is why I joined HUD and why having the opportunity to work with you has been so rewarding.”center_img August 11, 2014 533 Views Sharelast_img read more

Read More

ccpbullv

Rolling power cuts likely as EAC workers go on strike

first_imgBy Elias HazouTrade unions of the Electricity Authority of Cyprus (EAC) have announced that workers at the power utility will hold a work stoppage on Friday, followed by three-hour strikes daily as of next week.The work stoppages are in protest at government plans to privatise the state-owned power company.A “warning” strike will be held on Friday from 7am to 10am. During this time, the announcement said, the EAC will maintain sufficient staff to operate three steam turbines at the Dhekelia power station and two steam turbines at Vasilikos.The power utility does not anticipate power cuts on Friday, sources at the EAC said.But rolling power cuts across the island are likely – depending on electricity demand – starting from Monday, when the EAC will operate just two steam turbines at Dhekelia in the morning.As of Monday, the strikes will be from 7am to 10pm, daily. The strikes will continue indefinitely.Power outages during this three-hour window are not likely to last for more than an hour in certain areas, EAC sources said.To prevent the system from crashing due to the lower capacity, the EAC, working with the Transmission System Operator, will decide if, when and where cuts are necessary and will issue regular advisories to the public, which is urged to limit electricity consumption during those times.The EAC will operate on a skeleton staff from 7am to 10am. Customer service will likewise be closed during this time, resuming normal service thereafter.Striking employees will gather outside their workplace and hold demonstrations, the announcement by the four major EAC unions said.The industrial action is intended to turn the screws on the government, which plans to privatise the EAC in line with its bailout obligations.To pay down a €10bn international bailout, Cyprus must generate proceeds from privatisation of at least €1bn within the bailout programme period (by 2016) and €0.4bn outside.Privatisation of the EAC is to be completed by 2018.The government-appointed Privatisations Commissioner has launched a tender for commissioning an independent consultant to prepare a study into how the legal separation of EAC would be carried out.The unions want the tender scrapped, and a new study initiated, to be carried out by them, the EAC and the energy ministry – taking the Privatisations Commissioner out of the loop.“In private conversations I had with them, they put forth this demand in a take-it-or-leave it fashion,” energy minister Giorgos Lakkotrypis said on Tuesday.“Based on a cabinet decision, instead of going straight to denationalising the EAC, we are proceeding with a study, which has a specific remit,” he told the state broadcaster.“The study will tell us: can I privatise the EAC? If so, in what way? How do I ensure security of electricity supply, how do I safeguard consumers’ rights?”Asked whether this meant that the EAC might eventually not be privatised, the minister said: “That is exactly what we want the study to tell us. And if this is the wrong way of going about it, as the trade unions claim, then I don’t know what the right way is.”According to Lakkotrypis, the study will decide which parts of the EAC can be privatised.“The EAC itself acknowledges that the organisation comprises competitive parts and monopolistic parts. For example, production is a competitive part, the grids are monopolistic. All this will be examined by the study.“Now, why all this reaction over the study, I cannot understand,” the minister added.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoYahoo SearchYou’ve Never Seen Luxury Like This On A Cruise Ship. Search Luxury Mediterranean CruisesYahoo SearchUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more

Read More

ccpbullv

Rep Leutheuser Domestic Harmony official testify on expanding township services

first_img Categories: Leutheuser News,News 11Nov Rep. Leutheuser, Domestic Harmony official testify on expanding township services LANSING – Rep. Eric Leutheuser, R-Hillsdale, was joined by Kristen Lucas, who is the board chair of Domestic Harmony, during testimony in support of House Bill 4563 before the state Senate Committee on Local Government on Tuesday.The Hillsdale-based Domestic Harmony organization, which works with families affected by domestic violence, helped provide the inspiration for Rep. Leutheuser’s legislation. HB 4563 expands the parameters of non-profit services that townships can legally contract with to include those organizations doing similar work to Domestic Harmony.“Years ago, when the state considered what kind of services townships might contract for, shelters for victims of domestic and sexual violence hardly existed,” said Rep. Leutheuser. “Now, many organizations are doing this valuable work all across our state. HB 4563 will permit townships to lawfully contract with these non-profits, if they chose to, so more of our residents may benefit.”Representatives from the Michigan Township Association and the Michigan Coalition to End Domestic Violence also spoke in support of the legislation before the Senate committee.HB 4563 was approved by the full House membership 103-0 on Sept. 16.last_img read more

Read More

ccpbullv

Rep Johnson Vaccine requirements should be decided by elected officials not bureaucrats

first_img Categories: Johnson News,Steven Johnson News State Rep. Steven Johnson (R-Wayland), testified today in support of his legislation before the House Oversight Committee that requires new mandated vaccine requirements to be approved by a vote of the state legislature.Johnson’s bill would remove the power of the Department of Health and Human Services to make rules relating to vaccines without having accountability to the citizens. Instead, a legislative vote would be required to create new vaccine mandates or make changes to existing vaccination requirements.“This legislation gives power back to the people in these decisions,” said Johnson, a committee member. “Unelected bureaucrats do not have to answer directly to the people and are out of touch with the thoughts and concerns of many Michiganders.”Mandated vaccine requirements currently in place would not be changed or affected by the passage of this legislation.House Bill 5162 remains under consideration by the House Oversight Committee.Photo Information: Rep. Johnson testifies before the House Oversight Committee in support of his bill Thursday. 30Nov Rep. Johnson: Vaccine requirements should be decided by elected officials, not bureaucratslast_img read more

Read More

ccpbullv

Rep Meerman encourages local schools to apply for student health programming

first_img Categories: Meerman News 12Mar Rep. Meerman encourages local schools to apply for student health programming State Rep. Luke Meerman, of Polkton Township, today encouraged elementary and middle schools in his district to apply for Building Healthy Communities, a public-private initiative designed to fight obesity and improve childhood health through school-based wellness programming.“Building Healthy Communities is going into its 10th year of making children – and schools – healthier,” Meerman said. “Participating schools have reported positive outcomes for their students, including eating more fruits and vegetables, less screen and video time per day, and more physical activity per week. Applications for the program are easy to complete, and I encourage every school in my district to do so.”Interested schools may watch a recorded webinar at projecthealthyschools.org/BHC. Any public, charter or private nonprofit school in Michigan is eligible regardless of their free and reduced-price school meal percentage, geographic location or participation in other school wellness grants, programs or initiatives. Rep. Meerman also outlined the relevant deadlines for applying and one is coming up fast!Elementary School program applications will be accepted until 5 p.m. on April 27, 2019.Middle School program applications will be accepted through 5 p.m. on Mar. 22, 2019.For more information on Building Healthy Communities or to apply for any of the programs, visit bcbsm.com/buildhealth. Schools with additional questions may also contact Rep. Meerman by calling (517) 373-1830 or emailing LukeMeerman@house.mi.gov.###last_img read more

Read More

ccpbullv

COLUMN Auto insurance rate relief is on the way

first_img Categories: Filler News 13Jun COLUMN: Auto insurance rate relief is on the way Michigan residents have been calling for auto insurance reform for decades. The high cost of insurance was the most common complaint I heard from people in our district. I promised to correct the broken system, and that goal was achieved our historic bipartisan reform plan was signed into law on May 30.Understandably, people now want details. They want to know what is changing and when they will finally see rate relief reflected in their bills. I will do my best to cover the most common questions here, but I’m always happy to answer specific questions for anyone who contacts my office.My favorite part of the new law is that it finally provides Michigan drivers with choice. Up until now, Michigan was the only state in which drivers were forced to pay for unlimited personal injury protection coverage through their car insurance – even though 99.9 percent of all accidents result in less than $555,000 of medical bills.Starting in July 2020, many drivers will be able to opt out of personal injury protection altogether, including seniors with retiree health coverage such as Medicare and those with health insurance policies that cover car accident-related injuries. Others will be able to continue with unlimited coverage or choose limits of $250,000 or $500,000. A $50,000 option will be available for drivers on Medicaid.Drivers and their families will have the freedom to choose whatever plan they feel best meets their needs and still see savings.The new law guarantees savings in the personal injury protection portion of policies as follows:100 percent for drivers choosing to opt out of PIP coverage45 percent for drivers choosing the $50,000 coverage level35 percent for drivers choosing the $250,000 coverage level20 percent for drivers choosing the $500,000 coverage level10 percent for drivers choosing to continue receiving unlimited coverageThe new law also reins in the out-of-control medical charges for auto accident injuries that were allowed under the old system. Here’s a glaring example: No-fault auto insurance paid an average of $3,278 for a lower back MRI in Detroit while Medicare paid $484 for that same MRI, according to a report published in 2013.We stop this unfair practice by establishing a reasonable fee schedule. Hospitals will no longer be allowed to charge car accident victims three or four times more for procedures, which means drivers who choose lower personal injury protection coverage levels will see their medical benefits stretch even farther.The final key to driving down rates is to crack down on people who abuse the system. An estimated 10 percent of all car accident claims nationwide contain some aspect of fraud. In Michigan, that figure has been as high as 18 percent. The new law requires the fraud division of the Department of Insurance and Financial Services (DIFS) to crack down on fraudulent claims.This historic reform is a product of legislators working across party lines to reach a compromise and end Michigan’s dubious distinction as the state with the most expensive car insurance rates in the nation. The bipartisanship and teamwork that was illustrated to achieve this solution makes me extremely proud to play a part in the process.Please feel free to reach out to my office at (517) 373-1778 or email GrahamFiller@house.mi.gov with any questions.###(548 Words)— State Rep. Graham Filler of DeWitt is serving his first term in the Michigan House representing residents of Clinton and Gratiot counties. A former assistant attorney general, he now serves as chair of the House Judiciary Committee.last_img read more

Read More

ccpbullv

To Collect on Bills Some Nonprofit Nursing Homes Seize Control of Residents

first_imgShareTweetShareEmail0 Shares January 26, 2015; New York Times On the heels of the scandal about nonprofit hospitals’ aggressive collections practices, which can destroy the lives of poor patients, comes this story about nonprofit nursing homes that seize the patients themselves in an effort to collect their bills. We hope that readers will help us call this practice to the attention of legislators concerned with hospital collections.Ninety-year-old Lillian Palermo is a resident at the nonprofit Mary Manning Walsh Nursing Home. Recently, after protesting about changes in copayments and the quality of care, her husband, Dino Palermo, who visits daily and is described as devoted, found a six-page petition for guardianship waiting on her bed. The petition asked the court to give a stranger legal power over Mrs. Palermo and her finances.Researchers at Hunter College found that this type of action has become routine. In a random sample of 700 guardianship cases filed over the last ten years in Manhattan, 12 percent were found to have been brought by nursing homes. Lawyers familiar with the guardianship process say that these petitions are primarily used by nursing homes as a means of bill collection.“It’s a strategic move to intimidate,” said Ginalisa Monterroso, who left her employment at Mary Manning Walsh in 2012. “Nursing homes do it just to bring money.” She called the practice cruel.Attorney Brett D. Nussbaum, who represents a number of nursing homes including Mary Manning Walsh, said, “The Palermo case is no different than any other nursing home bill that they had difficulty collecting.” Nussbaum says he has brought 5,000 guardianship cases in his 21 years of practice. “When you have families that do not cooperate and an incapacitated person, guardianship is a legitimate means to get the nursing home paid.”Though many judges do approve such petitions, Alexander W. Hunter, Jr., a longtime State Supreme Court justice in the Bronx and Manhattan, has strong opinions about the practice. In response to two guardianship cases in 2006 and 2007, Justice Hunter required nursing homes bringing such actions to bear the legal costs, ruling that these kinds of petitions to collect funds was not part of the legislature’s intent when it enacted Article 81 of the Mental Hygiene Law. In a case involving the Hebrew Home for the Aged last year, Justice Hunter did appoint a guardian, but he directed the guardian to investigate whether there was reason to refer the case for criminal prosecution for financial exploitation.Here is the way the case is described by the New York Times:“The decision describes a 94-year-old resident with a bank balance of $240,000 who had been unable to go home after rehabilitative treatment because of a fire in her co-op apartment; her only regular visitors were real estate agents who wanted her to sell. After Hebrew Home’s own doctor evaluated her as incapable of making financial decisions, the decision says, the nursing home collected a $50,000 check from her; it sued her when she refused to continue writing checks, then filed for guardianship.”In the Justice’s decision, he wrote:“It would be an understatement to declare that this court is outraged by the behavior exhibited by the interested parties—parties who were supposed to protect the person, but who have all unabashedly demonstrated through their actions in connection with the person that they are only interested in getting paid.”—Ruth McCambridge:  ShareTweetShareEmail0 Shareslast_img read more

Read More

ccpbullv

Ethics Laws Might Punish a Dogooder

first_imgShareTweetShareEmail0 SharesJanuary 30, 2015; Boston GlobeIt is sad when what should be a feel-good story ends up with our having to cross our fingers and hope it turns out all right. In December of 2014, a teacher in a Massachusetts charter school, Nicole Bollerman, entered an online contest called #WishForOthers. Bollerman’s wish was for every student in her third-grade class at UP Academy in Dorchester could go home at the December break with a book in their hands. She won the award and promptly gave all of her students, many of whom are impoverished and some homeless, copies of the new book in the Wimpy Kid series, Where the Wild Things Are, and My Father’s Dragon.The story gets better. The sponsor of the contest was CapitalOne Bank, and they granted Bollerman $150,000, which the teacher immediately turned around and donated to her school—all of it. The story, of course, was covered by the local press and the local TV news, and that naturally got the attention of some talk shows. Bollerman was invited to appear on Ellen DeGeneres’s show. Unbeknownst to Bollerman, Ellen had sent a team to her school and had the students on camera as each one (all 700 students at the school) was given a backpack filled with school supplies, and teachers were each given gift cards for Target in honor of the amount teachers are credited with as unreimbursed expenses for their classrooms and students. Finally, DeGeneres gave Bollerman an aquarium full of Skittles (her favorite candy) and a check for $25,000. Bollerman has said she would use the money to pay for continuing education to make her a better teacher. It’s a story we can all smile about.All roller coasters have a downhill slope, and that began for Bollerman when CommonWealth Magazine published an article bringing to light some analysis that all of this may have violated state ethics laws governing gifts that can be received by public servants. Given the title (“No Good Deeds Go Unpunished”) and the general tone of the article, it does not seem that the author’s intent was to criticize Bollerman in any way. It does point out that the law states public servants cannot receive gifts worth in excess of $50.At issue seems to be whether or not Bollerman received these gifts in her capacity as a teacher. Clearly, the law is intended to make it impossible for anyone to buy a grade from a teacher, or a similar favor from any other public servant. As has been pointed out, in Bollerman’s case, neither CapitalOne nor Ellen DeGeneres stand to benefit in any way from what they have given. The case is similar to another recent incident in which four firefighters had to decline Caribbean cruise vacations presented to them by DeGeneres after they saved a dog from a frozen pond. In that situation, it was deemed a violation of the ethics rule because they were being rewarded for something they had done while on duty. In Bollerman’s case, there may be some leeway because she entered the contest on her own time and as a general citizen.Scans of news articles do not reveal any imminent action that may be taken against Bollerman, and responses from around the Internet are almost unanimously supportive of her act of kindness to her students. Apparently, she has been told that she can no longer speak in public about the incident until it is settled. It remains a reminder to us all that even an act of sincere and quite overwhelming generosity may inadvertently run afoul of well-intentioned laws. This is particularly true in situations where public funds and public trust are involved, such as public schools, even if they are nonprofit organizations like the charter UP Academy.—Rob MeiksinsShareTweetShareEmail0 Shareslast_img read more

Read More

ccpbullv

RTLs new freetoair channel RTL Nitro is launchi

first_imgRTL’s new free-to-air channel RTL Nitro is launching on Unitymedia and Kabel BW’s cable networks.RTL Nitro targets males aged 20-59 and will air a mix of movies, crime drama series and comedy shows. Series to be aired on the channel include Modern Family, Nurse Jackie, Rome, 24 and the US version of The Office.last_img

Read More

ccpbullv

UK commercial broadcaster ITV saw its first quarte

first_imgUK commercial broadcaster ITV saw its first quarter revenues rise by 13% as a result of strong performances from its production arm and its international division.ITV’s production and distribution arm ITV Studios, which includes the company’s international arm, reported a 61% increase of revenues to £212 million (€263 million) as a result of the delivery of series including Julian Fellowes mini-series Titanic.Revenue at international production division, meanwhile, increased by 95% in the quarter to £125 million. 
The broadcaster expects its advertising revenues to increase by up to 17% in June as a result of the Euro 2012 soccer tournament and the Queen’s diamond jubilee. However, the company posted a 1% fall in television advertising revenue in the first quarter of the year.“We continue to push forward with our five year transformation plan with external revenues up 13% in the first quarter of the year – driven by an increase in non-advertising revenues – in line with our strategy of rebalancing and growing the business,” said ITV chief executive Adam Crozier. “ITV Studios again performed strongly both in the UK and internationally – particularly in the US – with an encouraging number of new commissions.”last_img read more

Read More

ccpbullv

Belarusian IPTV operator Beltelecom has added Russ

first_imgBelarusian IPTV operator Beltelecom has added Russian entertainment channel Amedia to its Zala TV offering.The service, which offers a mix of drama, comedy, documentary and kids programming, will be available in trial mode initially.last_img

Read More

ccpbullv

Sony Pictures Television SPT Networks is set to

first_imgSony Pictures Television (SPT) Networks is set to launch a UK version of its anime channel, Animax, as a subscription video-on-demand service. Due to launch online this autumn at AnimaxTV.co.uk, Sony said the service is then expected to soon roll out on more platforms and devices.SPT Networks UK has signed a multi-year deal with anime provider VIZ Media to secure exclusive content for the SVOD service, which will include the UK premieres of the series Death Note and Vampire Nights.“With its roots in Japan, Animax is the leading international channel brand for anime, so launching a bespoke UK version is great news to fans here,” said Kate Marsh, senior vice president for SPT Networks, Western Europe.Animax already reaches 60 million households in 17 countries and is available in 14 languages.last_img read more

Read More

ccpbullv

National Geographic Channels president Howard Owen

first_imgNational Geographic Channels president Howard Owens is leaving the factual channel in June.The Nat Geo boss will leave in June having been in charge of Nat Geo since late 2011.Prior to joining Nat Geo, Owens was at US prodco Reveille and announcing his departure to staff, NGC’s US CEO David Lyle said Owens was returning to independent production.During Owens’ tenure the channel moved into interactive brain-related programming with Brain Games and related shows and into drama with the Killing Kennedy and Killing Lincoln projects.In his memo to staff, Lyle said: “It is hard for me to summarize Howard’s importance to the channels these last three years…. His passion, his judgment, his unwillingness to accept second best, his taste, his contacts, his production experience – all wrapped up in his huge drive and delightful chaos have been crucial to all the success we have had in the last couple of years.”Prior to Reveille, Owens was an agent a William Morris.last_img read more

Read More

ccpbullv

Freetime by Freesat UK freetoair satellite opera

first_imgFreetime by FreesatUK free-to-air satellite operator Freesat is suing Amazon for trademark infringement over its use of the Freetime brand used by Freesat for its advanced internet-connected TV service. Freesat has filed a suit in the High Court alleging that Amazon, which recently launched an offering branded as Kindle Freetime, has violated its trademark. Kindle Freetime streams kids TV shows and movies over the web to Kindle tablets.“Freesat has issued a legal claim against Amazon EU SARL, Amazon Media EU SARL and Amazon.co.uk (“Amazon”) in respect of Amazon’s infringement of our rights to Freetime, a trade mark registered in the UK by Freesat,” said Freesat.“Freetime is an award-winning internet-connected television service that is an increasingly important part of Freesat’s business. As this is a legal matter, we are unable to comment further.”last_img read more

Read More

ccpbullv

Tom Cosgrove The Hub will be rebranded as Discover

first_imgTom CosgroveThe Hub will be rebranded as Discovery Family Channel, with Tom Cosgrove taking over as his 3net channel is wound down as a linear network.Changes at US cable channel The Hub will see Discovery paying US$64.4 million to increase its shareholding from 50% to 60%, and the network changing its name to Discovery Family Channel, a filing confirmed yesterday.Discovery will also provide three executives to the network’s board, while Hasbro will have two.The network will still run Hasbro Studios kids shows during the daytime, with programming from Discovery’s portfolio of channels delivering primetime content.The changes take place on October 14. Discovery and toyco Hasbro began the JV in 2010 in 50 million homes, but has increased reach to 70 million since then.News of the upcoming changes first leaked earlier this week.“Hasbro is a world-class company with franchises and characters that appeal to kids and families around the world,” said Discovery president and CEO, David Zaslav. “They have been terrific partners over the past several years as we developed our kids television audience in the US, and we look forward to a continued strong collaboration as we evolve to the Discovery Family Channel together.”Channel boss Cosgrove will report to Discovery Group president Henry Schleiff. Cosgrove’s previous role at 3net, the Discovery, Sony and Imax joint venture 3D channel, had become redundant after the network was wound down. It ceased broadcasting in August after DirecTV dropped it.A Discovery rep confirmed 3net’s closure as a channel today, noting it has “evolved from a linear channel into 3net Studios, which produces and supplies high quality 3D content for our distribution partners around the world”. This means staff will be retained at 3net Studios.However, the news will come as another hit to the future of 3D television, which has largely failed to take off around the world.ESPN, Canal+, the BBC and BSkyB have all dropped 3D services following weak consumer reaction to the medium.last_img read more

Read More

ccpbullv

The Spanish markets regulator the CNMV has given

first_imgThe Spanish markets regulator, the CNMV, has given a green light to Orange’s proposed acquisition of Jazztel following EC clearance of the deal last week. The move means that Orange is now free to go ahead with its offering for publicly-listed Jazztel’s stock. The telco is offering €13 per share in cash, valuing the alternative operator at €3.4 billion. The offer is conditional on shareholders of Jazztel holding in aggregate at least 50% plus one share of the maximum theoretical share capital irrevocably accepting the offer. Orange has already secured irrevocable commitments to accept the offer from shareholders representing 14.804% of the issued share capital of Jazztel.Orange aims, through the acquisition, to create the second largest fixed-line broadband operator in the market with a strong presence in mobile. According to Orange, the deal will generate global synergies of €1.3 billion thanks to savings in operational expenditure and investment in networks.last_img read more

Read More

ccpbullv

Despite the rapid uptake of Netflix and Amazon in

first_imgDespite the rapid uptake of Netflix and Amazon in the US there will be a steep rise in the number of SVOD and OTT customers in North America in the next five years and a big uptick in the revenues generated by these services, according to new research.Digital TV Research says that the 50.6 million US SVOD homes total at end-2014 represents a big increase on the 2010 number of 16.7 million and makes North America the most mature OTT market in the world. However, the research house adds that there is still plenty of growth to come with 7.1 million new SVOD homes this year and the total climbing to 76.5 million by 2020.That 2020 forecast means that by that point, over half of North American households and 65% of broadband-enabled homes have an SVOD service.SVOD revenues will also increase sharply. This year SVOD revenues are expected to come in at US$13.2 billion and thatfigure will increase to US$20.5 billion by 2020, according to Digital TV Research.Advertising on OTT sites will generate revenues of $6.0 billion in 2015, quadruple the $1.4 billion in 2010. Rapid advertising expenditure growth will continue, to reach $10.3 billion in 2020.last_img read more

Read More

ccpbullv

TeliaSonera increased its TV base by modest amount

first_imgTeliaSonera increased its TV base by modest amounts across most of the territories in which it is active in the second quarter, taking it to 1.586 million by the end of June, up from 1.572 million in March and up from 1.496 million a year ago.In Sweden the telco added 8,000 homes in the quarter to take its TV total to 709,000, while in Finland it lost 2,000 TV customers, taking its total there to 491,000.In Lithuania, local unit Teo added 3,000 TV homes in the quarter, taking its total to 195,000, while in Estonia Elion added 2,000 to take it to 168,000.  In Denmark, TeliaSonera’s local unit added 3,000 to take it to 23,000.TV ARPU in Sweden reached SEK164 at the end of June, up from SEK160 in March, while in Finland TV ARPU fell from €8.90 in March to €8.80 in June. In Lithuania TV ARPU grew from €8.60 to €8.70, while in Estonia ARPU declined from €7.60 to €7.50.In Denmark, TV ARPU increased from DKK392 to DKK407 over the quarter.last_img read more

Read More

ccpbullv

Tele Columbus CEO and chairman Ronny Verhelst Ge

first_imgTele Columbus CEO and chairman, Ronny Verhelst.German cable operator Tele Columbus posted revenues of €73.9 million, up 37.4%, and EBITDA of €36.9 million, up 43.3%, in its first quarterly results since the acquisition and consolidation of Primacom, which took place in August.Tele Columbus had 397,000 premium TV subscribers as of September 30, up 143.8%. Broadband customers numbered 363,000, up 84.6% and telephony subscribers numbered 352,000, up 111.4%. overall, the company has 2.83 million connected homes, of which 57% are two-way upgraded.Tele Columbus said it added another 30,000 upgraded homes it is base in October and November through further acquisitions of regional networks.The company last week successfully completed its rights offering with net proceeds of approximately €363.3 million. The company has also announced that it will move its HQ functions from Hanover to Berlin and Leipzig within two years.“With the first consolidated financials for the combined Tele Columbus and primacom business, we opened a new chapter in the history of the company and laid the basis for the combined future”, says Ronny Verhelst, CEO of Tele Columbus.“In the past months, we have driven the integration of the combined organisation as fast as possible to be able to proceed on our growth path at increased speed as well as bringing together the financial reporting of both companies. With the core management team and main organisational structure in place, we are now ready for the planned integration of pepcom to take the company’s development to the next level.”last_img read more

Read More