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BT, Sky score broadcast rights for Premier League in 2019-2022

2018-02-14 08:51:00| Telecompaper Headlines

(Telecompaper) The Premier League said it has awarded five of the seven live packages of its UK broadcast rights, with BT Sports getting Package A and Sky Sports Packages B, C, D, and E. Premier League said the value at this stage of the process is GBP 4.464 billion, not including the two live packages that still need to be sold. Multiple bidders have expressed interest in these packs. The awards are for seasons from 2019 through to 2022. 

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America Movil Q4 losses widen on weaker peso, underlying revenue higher

2018-02-14 08:22:00| Telecompaper Headlines

(Telecompaper) America Movil saw its net loss nearly double in the fourth quarter, to MXN 11.3 billion from MXN 6.0 billion a year ago. The company was hurt by the depreciation in the Mexican peso versus the US dollar and euro. EBITDA rose 6.8 percent to MXN 70.2 billion, and operating profit was up 10.9 percent to MXN 28.6 billion, supported by improving economic conditions, the company said.

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Baidu's Q4 revenues jump 29%, profit up 1%; plans IPO for iQiyi

2018-02-14 07:58:00| Telecompaper Headlines

(Telecompaper) Chinese search provider Baidu reported total revenues of CNY 23.6 billion (approximately USD 3.62 billion) for the fourth quarter of 2017, a 29 percent increase year-on-year and just ahead of its guidance. Mobile revenue represented 76 percent of total revenues, compared to 65 percent for the fourth quarter of 2016. Net income amounted to CNY 4.2 billion, representing 1 percent growth year-on-year, and adjusted EBITDA increased 78 percent year-on-year to CNY 6.9 billion. 

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