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Tag: mln
Spain hits 5.6 mln active FTTH lines in June
2017-08-11 12:03:00| Telecompaper Headlines
(Telecompaper) Spain added a total of 97,583 fibre to the home (FTTH) lines in June to increase the number of active connections to 5.6 million at the end of the month, according to the latest report from communications regulator CNMC. The 1.6 million rise in FTTH lines over the past year offset the 1.2 million fall in DSL connections, said the watchdog. Total fixed broadband lines came to 14.0 million at the end of Junes, with broadband penetration rising to 30.1 lines per 100 inhabitants, up from 28.9 a year earlier.
PCCW OTT secures USD 110 mln in funding from Hony, Foxconn, Temasek
2017-08-10 15:19:00| Telecompaper Headlines
(Telecompaper) PCCW Media has announced that its unit PCCW International OTT has attracted funding from Hony Capital, Foxconn Ventures and Temasek. The three new investors will own around 18 percent of the enlarged issued share capital of PCCW OTT for a total consideration of USD 110 million. PCCW Media will remain the controlling shareholder of PCCW OTT.
SVoD service Iflix raises USD 133 mln to develop own content
2017-08-08 11:31:00| Telecompaper Headlines
(Telecompaper) SVoD service provider Iflix has completed a USD 133 million funding round. Proceeds from this funding round will be used to support iflix's local content strategy. The funding round was led by Hearst and also included new investors Singapore-based EDBI and clients of DBS private bank. Existing shareholders Evolution Media, Sky, Catcha Group, Liberty Global, Jungle Ventures and PLDT also increased their investments. The new round brings total funding raised by Iflix this calendar year to USD 220 million.
Tags: service
content
develop
usd
Viber revenues up 91% in Q2, grows to 920 mln users
2017-08-07 10:34:00| Telecompaper Headlines
(Telecompaper) Mobile messaging and VoIP app Viber reached 920 million unique users in June, up from 891 million in March and 823 million in June 2016. According to its parent company Rakuten, Viber's second-quarter revenues were up 91 percent year-on-year, driven by more customers making calls with Viber Out and increased content purchases. Telecom accounted for 73 percent of Viber's revenue and content the remainder.
Tags: users
revenues
grows
mln
Verizon buys Wow's Chicago fibre network for USD 225 mln
2017-08-02 09:46:00| Telecompaper Headlines
(Telecompaper) Verizon Communications has bought the fibre-optic network assets of WideOpenWest (Wow!) in the Chicago area for USD 225 million. The deal includes an additional investment by Wow! of USD 50 million into the Chicago network by the second half of 2018. The money will provide backhaul services to over 500 macro-cell wireless site and over 500 small-cell wireless sites. The Chicago network already connects Verizon Wireless macro towers and small cells, and the acquisition will reduce Verizon's leasing costs.
Tags: network
usd
chicago
buys
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