Gilles PélissonFrance’s TF1 Group plans to focus on the development of thematic targeted channels rather than rely on the advertising pull of its flagship channel and to develop its production activity as part of a new strategy aimed at returning the group to growth.The shift in emphasis comes as TF1 saw its operating profit for the full year fall by two thirds, despite uplift in the fourth quarter.TF1 posted revenues of just over €2 billion for the year, up 2.9%. Operating profit plunged from €141.2 million in 2015 – a figure that admittedly included €33.7 million from the deconsolidation of Eurosport France – to €41.7 million last year.The 2016 figure included a number of exceptional items including a €25.4 million hit from a 2015 regulation on co-production in French drama, a €24.8 million charge on the amoritsation of goodwill related to the acquisition of Newen Studios, an €8.2 operating loss from LCI, which migrated to the free-to-air platform, and €25.3 million in charges related to the group’s transformation project.While broadcasting revenue fell significantly, TF1’s digital activities saw strong growth. MYTF1 attracted 10.7 users on IPTV boxes for its catch-up TV offering, while the platform as a whole saw 1.3 million free-to-view videos watched across the year, leading to uplift in advertising revenues.Presenting the company’s full year results to analysts this morning, CEO Gilles Pelisson said TF1 was developing a multi-screen strategy, and added that the company needed to extend its activity further down the value chain, develop its own content at competitive cost and expanding its distribution network to better expose its content. He said the group also needed to extend its reach outside of France by making the most of international production partnerships.Pelisson said that in general the company would also rely more on digital activity to drive growth and make the group more profitable.He said that by 2019 he expected the profit margin to reach double figures. To achieve this, he said, TF1 would need to maintain its advertising share this year. However, additional revenue excluding that from its five existing free-to-air channels should grow to more than a third of the total this year, he said.Pelisson said that in addition to improving the profitability of free-to-air services, an extension of digital activity and an expansion of production would also be important. He said the company would use digital platforms to distribute all its output.
“Cable’s recurring revenues means that debt is easier to finance…which means cable can more easily afford to continue to invest in network upgrades.”When the world is struck with uncertainties and the global financial markets get a case of the jitters, the markets have a strategy called “flight to safety” and one such destination that has been seen traditionally as a safe bet is cable.So amidst earthquakes and nuclear danger in Japan and civil unrest and war in North Africa, what Liberty Global is doing now – gobbling up assets – makes perfect sense. The European cable TV sector is in consolidation mode, which is driving valuations for assets to heights not seen in years. That’s good news for a sector that is facing increased competition from over-the-top services.Several owners are looking to cash in on the renewed interest, including those of Dutch operator Ziggo and several smaller German operators. Liberty Global is without doubt the hungriest buyer at the moment. The US-based company has big ambitions in Europe after selling out of its holdings in Japan and it has already shown that it is willing to outbid others in its ambition to snap up assets in key European markets. Fresh from its ?3.2 billion purchase of Germany’s third-largest cable operator Kabel BW in March from EQT Partners, Liberty is eyeing Ziggo, owned by private-equity companies Cinven and Warburg Pincus. Like the former owners of Kabel BW, Ziggo’s have been looking at a flotation of the country’s largest cable TV operator but, given the rocky state of the public markets at the moment, a straight sale rather than a more risky IPO may look more appealing.Bidding against an IPO option has not deterred Liberty in the past. Not only does the US company have clear strategic ambitions, but it also has deep pockets. Earlier this year Liberty announced it had a US$3 billion (?2.1 billion) war chest. It already owns Germany’s number two cable TV company, buying Unitymedia in 2009 for US$5 billion, so it had clear strategic reasons to want to increase its German footprint. Its deal to buy Kabel BW was fiercely fought against rival bids from CVC Capital Partners and Hellman & Freidman. Liberty not only bid eight times Kabel BW’s estimated 2011 EBITDA, but was willing to take on ?2.25 billion in new debt set up by the seller that Liberty will assume under the new capital structure once the transaction is complete. Liberty also surprised some in the financial sector by agreeing to assume any risk that its purchase of Kabel BW runs foul of European or German regulatory authorities.This is no small thing as German regulators have blocked attempts to consolidate cable in the past. Liberty was clearly keen to own Kabel BW’s 2.4 million customers in the affluent state of Baden-Württemberg, and so it agreed to guarantee EQT Partners the full price even if the deal was blocked, upon which the operator would be sold to a third party and Liberty would shoulder the difference. Of course Liberty hopes that the regulators will see consolidation of cable as a way to encourage network investment, offering more competition to Deutsche Telekom. One can assume that Liberty will be willing to offer similar terms in a bid for Ziggo, where it already owns Dutch number two operator UPC. The price could be as high as US$10 billion, according to some estimates.Cable is popular because it is a business that has regular subscription revenues from customers and the potential to add more services like on-demand services and superfast broadband all on top of an existing infrastructure. The recurring revenues means that debt is easier to finance, typically at about five times EBITDA compared to about three times for broadcasters, which means cable can more easily afford to continue to invest in network upgrades. The very successful IPO last year of Germany’s largest cable company Kabel Deutschland, despite a rocky overall financial climate, has also helped spur renewed interest in cable’s value. Since the IPO, Kabel Deutschland’s shares have risen 74% and its most recent financial results reported EBITDA up by 11%.There is also a growing interest in mobile broadband combined with cable offerings. Most cable operators already offer bundles of telephone, TV and high-speed broadband, but the appetite for mobile broadband outside the home from consumers is high and regulatory changes in some European countries could allow cable to add mobile to its offer. Indeed, last year Ziggo and Sweden’s Tele2 won a Dutch mobile spectrum auction, allowing them to roll out mobile data networks.All this may mean that there may be other buyers of cable assets lining up, including the likes of Vodafone and Telefónica. All this will put more pressure on both private-equity and strategic buyers including Liberty Global to ramp up their deal-making skills. But Liberty is on a roll. At the recent Cable Congress in Lucerne John Hahn, managing director of Providence Equity, joked that if Liberty continues its acquisition drive the industry annual congress could soon become “a Liberty Global offsite” meeting. Said somewhat tongue in cheek, but not completely. Time will tell.Kate Bulkley is a broadcaster and writer specialising in media and telecommunications. email@example.com.
Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: T-Mobile’s magenta semitruck hits the road to showcase 5G technology (2018, August 11) retrieved 18 July 2019 from https://phys.org/news/2018-08-t-mobile-magenta-semitruck-road-showcase.html ©2018 The Seattle Times Distributed by Tribune Content Agency, LLC. T-Mobile’s next magenta-heavy, super-visible campaign won’t be encouraging customers to switch to the company’s cellphone service. Instead, the Bellevue, Wash., carrier plans to take a decked-out semitruck around the country to showcase its ideas for the next generation of wireless connectivity, 5G, and how it envisions people and businesses making use of it. Credit: CC0 Public Domain Nokia to help with T-Mobile superfast telecom network The truck is an extension of the company’s Tech Experience lab, now sprawling throughout the second floor of T-Mobile’s wireless development lab in Bellevue, a few miles north of its Factoria headquarters.Inside that Bellevue showcase, an employee bounces a soccer ball (guess what color) in front of a line of cellphones. Half the phones are set up on the 4G LTE network, the current standard for phones, and the other half are simulating the upcoming 5G technology. Mirrored in the line of phones, the image of the ball follows reality a fraction of a second later on the 5G phones. The LTE phones quickly catch up, but it’s noticeably later.”5G has more speed, more capacity,” said Karri Kuoppamaki, the company’s vice president overseeing 5G strategy.Another demo shows normal labels on wine bottles transforming into talking T-Mobile executives when an app is scanned over them. On a balcony adjacent to the lab, an LTE-connected drone soars into the air, a small demonstration of a larger test the company is conducting with FAA approval in Reno.The lab is not open to the public, rather it’s designed for business partners, researchers and students to get a sense of how 5G and other wireless technology works and their possibilities.Most of the flashy demos inside the Tech Experience lab don’t exist in the wild yet, and won’t until next year at the earliest. T-Mobile, like its two larger competitors, is building out infrastructure and testing 5G connections in select cities so some capabilities will be ready when phones equipped to handle the next generation of wireless service are released next year.T-Mobile, which has about 6,800 employees in the Puget Sound area, made a deal earlier this year to merge with the fourth-largest wireless carrier, Sprint. The pact is winding its way through U.S. regulatory approvals.Throughout the deal process, the companies’ third attempt to merge, T-Mobile has emphasized that the two will have much stronger 5G technology as a combined entity, rather than separately.T-Mobile plans to make 5G available in a limited capacity in about 30 cities next year using spectrum it won in a federal auction last year. It has pledged to bring the technology nationwide in 2020.U.S. carriers have big plans for 5G—seamless virtual reality on phones, video downloads in seconds, maybe even remote surgical procedures one day. It’s getting closer, but executives remain rooted in reality.Everything will one day be connected, T-Mobile Chief Technology Officer Neville Ray said in an email, but it won’t all happen next year.”Consumers will first begin to experience 5G when devices become available in 2019, but again, just like LTE, it will evolve and change over time,” he wrote. “Some of the visionary 5G experiences we showcase in the Tech Experience and on the truck are likely next decade.”T-Mobile has taken its truck on the road, with its first stop in Philadelphia.
government departments SHARE SHARE EMAIL SHARE Maharashtra The Maharashtra government has decided to provide a total of 180 days’ paid leave to women government employees to look after the children in the course of service. They will be able take this leave until their children turn 18.The same leave can be availed of by a male employee too if his wife is dead and if he has children who are under 18. The decision was taken in Tuesday’s cabinet meeting, said Finance Minister Sudhir Mungantiwar.Among other things, women employees would find this facility helpful when their children are in class 10th or 12th, said an official.Women (or male, as the case may be) employees will be able to demand this leave thrice a year. COMMENT Published on July 04, 2018 COMMENTS
Narendra Modi and his new cabinet – Twitter/Narendra Modi SHARE RELATED Here is the list of the newly formed Committees The Narendra Modi Government has reconstituted six Cabinet Committees while two new Committees have been formed.The new committees will finalise policies to push growth, investment and employment with special focus on skill development.Barring the Committees on Parliamentary Affairs and Accommodation, all six committees will be headed by the Prime Minister. The two remaining committees will be chaired by Home Minister Amit Shah.Also read: Two Cabinet Committees set up to spur growth, employmentHere are the new members of the Committees:Appointments Committee of the CabinetCompositionPrime Minister Narendra ModiAmit Shah, Minister of Home AffairsCabinet Committee on AccommodationCompositionAmit Shah, Minister of Home AffairsNitin Gadkari, Minister of Road Transport and Highways; Minister of Micro, Small & Medium EnterprisesNirmala Sitharaman, Minister of Finance; Minister of Corporate AffairsPiyush Goyal, Minister of Railways, Minister of Commerce &IndustrySpecial InviteesJitendra Singh, Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region; Minister of State in the Prime Minister’s Office, Minister of State in the Ministry of Personnel, Public Grievances & Pensions, Minister of State in the Department of Atomic Energy; and Minister of State in the Department of SpaceHardeep Singh Puri, Minister of State (Independent Charge) of the Ministry of Housing &Urban Affairs; Minister of State(I/C) of the Ministry of Civil Aviation; and Minister of State in the Ministry of Commerce and IndustryCabinet Committee on Economic AffairsCompositionPrime MinisterRajnath Singh, Minister of DefenceAmit Shah, Minister of Home AffairsNitin Jairam Gadkari, Minister of Road Transport and Highways; Minister of Micro, Small & Medium EnterprisesDV Sadananda Gowda, Minister of Chemicals & FertilizersNirmala Sitharaman, Minister of Finance; Minister of Corporate AffairsNarendra Singh Tomar, Minister of Agriculture &Farmer Welfare, Minister of Rural Development: and Minister of Panchayati Raj.Ravi Shankar Prasad, Minister of Communications and Information Technology; and Minister of Law and Justice.Harsimrat Kaur Badal, Minister of Food Processing Industries.Subrahamanayam Jaishankar, Minister of External AffairsPiyush Goyal, Minister of Railways, Minister of Commerce &IndustryDharmendra Pradhan, Minister of State (Independent Charge) of the Ministry of Petroleum and Natural Gas and Minister of Steel.Cabinet Committee on Parliamentary AffairsCompositionAmit Shah, Minister of Home AffairsNirmala Sitharaman, Minister of Finance; Minister of Corporate AffairsRamvilas Paswan, Minister of Consumer Affairs, Food and Public DistributionNarendra Singh Tomar, Minister of Agriculture &Farmer Welfare, Minister of Rural Development, and Minister of Panchayati Raj.Ravi Shankar Prasad, Minister of Communications and Information Technology; and Minister of Law and JusticeThawar Chand Gehlot, Minister of Social Justice & EmpowermentPrakash Javadekar, Minister of Environment, Forest & Climate Change; Minister of Information and BroadcastingPrahlad Joshi, Minister of Parliamentary Affairs; Minister of Coal and Mines.Special InviteesArjun Ram Meghwal, Minister of State Parliamentary Affairs; Minister of State in the Ministry of Heavy Industries and Public EnterprisesV Muraleedharan, Minister of State Parliamentary Affairs; Minister of State in the Ministry of External AffairsCabinet Committee on Political AffairsCompositionPrime Minister ModiAmit Shah, Minister of Home AffairsNitin Jairam Gadkari, Minister of Road Transport and Highways; Ministry of Micro, Small and Medium Enterprises.Nirmala Sitharaman, Minister of Finance; Minister of Corporate AffairsRamvilas Paswan, Minister of Consumer Affairs, Food and Public Distribution.Narendra Singh Tomar, Minister of Agriculture &Farmer Welfare, Minister of Rural Development: and Minister of Panchayati Raj.Ravi Shankar Prasad, Minister of Communications and Information Technology; and Minister of Law and JusticeHarsimrat Kaur Badal, Minister of Food Processing Industries.Dr. Harsh Vardhan, Minister of Health & Family Welfare; Minister of Science & Technology; and Minister of Earth Sciences,Piyush Goyal, Minister of Railways, Minister of Commerce and IndustryArvind Ganpat Sawant, Minister of Heavy Industries & Public EnterprisePrahlad Joshi, Minister of Parliamentary Affairs; Minister of Coal and Mines.Cabinet Committee on SecurityCompositionPrime Minister ModiRajnath Singh, Minister of DefenceAmit Shah, Minister of Home AffairsNirmala Sitharaman, Minister of Finance & Corporate Affairs.Subrahamanayam Jaishankar, Minister of External Affairs.Cabinet Committee on Investment and GrowthCompositionPrime Minister ModiAmit Shah, Minister of Home AffairsNitin Jairam Gadkari, Minister of Road Transport & Highways, Minister of Micro. Small and Medium EnterprisesNirmala Sitharaman, Minister of Finance & Corporate Affairs.Piyush Goyal, Minister of Railways & Minister of Commerce & Industry.Cabinet Committee on Employment & Skill DevelopmentCompositionPrime Minister ModiAmit Shah, Minister of Home Affairs.Nirmala Sitharaman, Minister of Finance & Corporate AffairsNarendra Singh Tomar, Minister of Agriculture &Farmer Welfare, Minister of Rural Development: and Minister of Panchayati Raj.Piyush Goyal, Minister of Railways & Minister of Commerce & IndustryRamesh Pokhriyal ‘Nishank’, Minister of Human Resource DevelopmentDharmendra Pradhan, Minister of Petroleum &Natural Gas: and Minister of SteelMahendra Nath Pandey, Minister of Skill development & EnterpreneurshipSantosh Kumar Gangwar, MOS(I/C)Labour & EmploymentHardeep Singh Puri, Minister of State(I/C) of the Ministry of Housing &Urban Affairs; Minister of State(I/C) of the Ministry of Civil Aviation; and Minister of State in the Ministry of Commerce and Industry.Special InviteesNitin Jairam Gadkari, Minister of Road Transport and Highways; Ministry of Micro, Small and Medium Enterprises.Harsimrat Kaur Badal, Minister of Food Processing Industries.Smriti Zubin Irani, Minister of Women & Child Development and TextilesPrahlad Singh Patel, Minister of State (I/C) Culture, MOS (I/C) Tourism. COMMENT June 06, 2019 Published on ministers (government) COMMENTS Indian Government SHARE SHARE EMAIL government Cabinet committees constitution highlights Amit Shah’s importance