Telecommunications

DirecTV ends chase for Vivendi's GVT

DirecTV withdraws from race to buy Vivendi's GVT. The largest American satellite television provider, DirecTV, has ended its chase of Vivendi's GVT.


Kroenke Sports Acquires Outdoor Channel

Kroenke Sports acquires Outdoor Channel despite previous merger plans with Intermedia. After a heated discussion, Kroenke Sports and Entertainment LLC has acquired Outdoor Channel Holdings Inc.

Sistema Shyam Wins Bid

Sistema Shyam Teleservices wins bid in eight telecommunication zones. The Indian mobile phone subsidiary of Sistema, Sistema Shyam TeleServices has won the right to operate in eight telecommunication zones in India.

News Corp Spin Off to Start with Clean Slate

News Corp pushes through with separation of businesses into News Corp for publishing and Fox Group for entertainment.


Latest News

The purchase of Virgin Media by Liberty Global revises conduct of company online. United Kingdom television cable provider Virgin Media Inc has been bought out by media giant Liberty Global Inc.
Verizon and Vodafone discussing future of Verizon Wireless. Verizon Communications Inc, which is now deep in a battle for control with Vodafone Group Plc, has proposed to dissolve their relationship through the wireless joint venture.
Government competition bureau approves sale of Astral to BCE. Approval has been issued by the Competition Bureau of Canada for the purchase of BCE Inc of Astral Media Inc.
News Ltd of News Corp sells of shares in Sky Network Ltd. As previously reported in Reuters, News Corp SA has completed the sale of its 44% share in New Zealand's Sky Network Ltd.
News Corp sells off interest in Sky TV New Zealand. New Zealand's top television operator, Sky Network Television Ltd has confirmed that is near majority shareholder News Corp would be selling off its 44% stake in the company.
New Zealand's dominant television company Sky Network said that News Corp., its major shareholder, will be selling its 44% stake to institutional and retail investors.
MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
Zain Iraq's IPO would lower Zain Kuwait's stake in company. Zain, Kuwait's largest telecommunications operator would be selling of its Iraqi unit through an IPO.
Singapore Telecommunications, along with Amdocs, a software provider for telecoms, have opened a new development center in Israel in addition to similar centers in Singapore and Boston.
Shares in Australia's rural broadcaster Southern Cross Media climbed to 22-month high when newspaper The Australian revealed that the company's board met about possible Nine Entertainment Co. merger.
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