Belgian cable operator Telenet is taking on an additional €700 million of debt and has initiated an additional share buy-back through a self-tender offer.The company will increase its debt to the higher end of its target range of 3.5-4.5 times annualised EBITDA and said that future shareholder remuneration will mostly comprise share repurchases.Telenet said it believed the changes would contribute to a more efficient balance sheet. The company aims to implement its new capital structure by the end of this year.
Bob StanzioneArris has agreed a 4K video gateway deal with cable giant Liberty Global, according to company CEO Bob Stanzione.Speaking on Arris’ quarterly earnings call, Stanzione said that Arris will provide Liberty with a gateway platform that supports 4K Ultra High Definition video, and that the deal will help Arris to further its “international market and portfolio expansion.”Asked to give further detail on the 4K Liberty deal, Arris’ president of customer premises equipment, Larry Robinson, said that the next generation platform programme that Arris is working on “should be applicable throughout a number of other properties and deployments.”Announcing its unaudited financial results for the fourth quarter and full year 2014, Arris said that it introduced several key products last year and “achieved important design wins” that are scheduled for launch later in 2015, without giving further details.IP, video and broadband technology company Arris reported a US$631.0 million (€554 million) order backlog at the end of the fourth quarter of 2014.The firm, which makes a wide range of network, access and home products – including set-top boxes and cable modems – said that the figure compares to an order backlog of US$538.6 million in the same quarter a year earlier and of US$594.1 million at the end of Q3 2014.Fourth quarter revenues were US$1.263 billion, compared to US$1.199 billion in the same quarter last year. GAAP net was US$1.29 per diluted share, compared to a net loss of US$0.02 per diluted share last year. However Arris said that comparisons to prior periods “may not be meaningful” as a result of its acquisition of Motorola Home, which closed on April 17, 2013.
Hey DuggeeBBC Worldwide has acquired its first multi-year children’s licensing deal with SVOD service Amazon Prime Video in the UK and Ireland.The deal will give subscribers in the region access to a raft of children’s TV series from CBeebies and CBBC, including Hey Duggee, Go Jetters, Sarah & Duck, Charlie & Lola and Gigglebiz as well as The Story of Tracy Beaker and Horrible Histories.Over 520 episodes of CBeebies and CBBC content will become available on Amazon, with series start dates staggered over the year and some already available.The deal was agreed between Jonathan Newman, sales and business development director for BBCWW, which is the BBC’s commercial arm, and Amazon Prime Video.Newman said: “The deal reflects the growing investment that leading streaming services like Amazon Prime Video are making to offer world-class, high quality children’s programming to their subscribers.”This week, Amazon Channels also confirmed that its India-focused channel Heera will include titles from prodco Salman Khan Ventures, including Tubelight.Future films from Salman Khan Ventures will premiere first on Heera in the UK, after theatrical release in India, and two months before satellite and television broadcasts. Existing movies like Bajrangi Bhaijaan, Kick, Jai Ho, and Hero are now available.Amazon Prime Video will have exlcuisce rights to the Khan films on a worldwide basis.“This exclusive worldwide Prime Video streaming deal with him is one of the biggest star deals to have ever been done in the worl,” said Amazon Prime Video head of content for Asia Pacific James Farrell. “India is a top priority market for Amazon and we believe that this love India has for films, the passion, the energy and the talent of India needs to be on a worldwide stage for global audiences to see. ”