CORPORATE GOVERNANCE

Airtel To Rejig Business For Sharper Focus On Digital; Buys Warburg’s 20% Stake In DTH Arm

Bharti Airtel has said that it will acquire a Warburg Pincus affiliate’s 20 per cent equity stake in its DTH arm Bharti Telemedia for around INR 3,126. Crore(US$43.00) which will be paid primarily via issuance of around 36.47 million equity shares of Airtel at a price of INR 600 per share; and up to INR 10,378 million in cash. Bharti Airtel has said that it will acquire a Warburg Pincus affiliate’s 20 per cent equity stake in its DTH arm Bharti Telemedia for around INR 3,126 Crore which will be...
CORPORATE GOVERNANCE

Airtel Sets Up Special Panel To Rejig Company’s Structure

"The board of directors in its meeting held on Wednesday, February 17, 2021, has constituted a 'special committee of directors' to consider and evaluate in detail, various options (or combination thereof) for re-organisation of businesses and shareholding structure of the company and its various subsidiaries," Bharti Airtel said in a stock exchange filing. Bharti Airtel has constituted a special panel to outline options for a re-organisation of its businesses, setting in motion plans to sharpen focus on its consumer-facing digital and non-telecom businesses and open up avenues for unlocking value....
CORPORATE APPOINTMENTS/DEPARTURES

QA Firm Testronic Hires New COO

By DTVE Reporter Quality assurance, localisation and compliance firm Testronic has hired Stephen Watford as its new chief operating officer. In this role, Watford will be responsible for the operations of both the Film and Television division as well as the Gaming division across offices in London, Warsaw, New Orleans and LA. Watford has held a number of senior positions across marketing and advertising. Most notably, the exec was formerly the group chief operating officer at global marketing agency AKA Group. CEO of the holding company of Testronic,Catalis Dominic Wheatly...
MEDIA

Australian Open A Grand Slam For Eurosport

By Jonathan Easton Eurosport has seen “significant growth” in viewership thanks to the ongoing Australian Open tennis grand slam tournament. Eurosport said that linear viewership was up by double digits in its top 11 markets, with Eurosport 1 and Eurosport 2 registering a 41 per cent and 28 per cent increase respectively. Poland saw the greatest uplift of 276 per cent thanks to the emergence of up-and-coming teenager Iga Swiatek. Romania, Germany and Spain all saw significant growth, with each of the countries seeing success from their native players. The...
MEDIA

Vodafone And TiVo Extend Licencing Deal

By Jonathan Easton TiVo has announced the renewal of its long-term relationship with Vodafone across Europe and Africa. The new multi-year agreements will provide Vodafone access to TiVo’s products and a licence to its patent portfolio. In particular, the deal will allow Vodafone to utilise TiVo’s solutions and services on its VTV platform, including the company’s Conversational Voice functionality and its search and personalised recommendations. Vodafone currently has more than 300 million mobile customers, over 27 million fixed broadband customers and more than 22 million TV customers across its markets....
MEDIA

Synamedia Hopes For Data Revolution With Clarissa

Jonathan Easton Synamedia has launched its new business insights solution, Clarissa. Claiming to be the first of its kind, Clarissa promises to take a holistic view of pay TV and OTT businesses, and reveal critical behavioral and consumption insights. Synamedia said that Clarissa will provide less data-savvy business managers with clear insights to meet KPIs. The solution provides users with siloed data sets across its four applications – viewing quality, user experience, content consumption, and advertising insights – and allows users to change any element of the service to immediately...
MEDIA

Amazon Sets Up Fire TV Production Line In India

By Jonathan Easton Amazon will produce Fire TV products in India, the company announced. This is the first Amazon manufacturing line in India, and it will be operated in partnership with Foxconn’s Indian subsidiary Cloud Networks Technology. In particular, the production line will be focused on producing “hundreds of thousands” of Fire TV sticks annually to meet a growing consumer base in India. Production will start in India “later this year,” Amazon said. The company added that it will “continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic...
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