0
Video

Liberty Global rules out bid for ITV

Monday 23 March 2015 | 08:35 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online masterclass Introduction Dutch Telecoms market is for you! Please enroll here.
Cable group Liberty Global ruled out a bid to acquire UK broadcaster ITV. Liberty is ITV's second-largest shareholder with a 6.45 percent stake. However CFO Charlie Bracken told the Financial Times that ITV "looks awfully pricey". He added that the company does not plan to invest "billions of dollars in content — that's not our game". A former Goldman Sachs banker, Bracken also said that Sky, Liberty's pay-TV rival, "is in trouble" over the next 5-10 years, due to its reliance on satellite technology. Europe's telecoms market will be dominated by "three or four players" within two decades, he

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: ITV / Liberty Global
Countries: Europe / United Kingdom
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

New threat for KPN: rising content costs

Published 01 Jul 2015 14:46 CET | Netherlands
KPN is gathering momentum for a new attack on the content market, while the Liberty Global associate Discovery has just acquired ...

'Aandeelhouders Vodafone dringen aan op deal met LGI'

Published 25 May 2015 22:45 CET | Europe
Aandeelhouders van Vodafone dringen bij het telecombedrijf aan op de verkoop van zijn niet-Europese activiteiten om zo een ...

Vodafone can finance Liberty Global bid with sale of non-Europe activities

Published 15 May 2015 09:44 CET | Europe
Media reports continue to speculate of a possible merger between Vodafone and cable operator Liberty Global. Vodafone's sale of ...

Liberty Global sees subscriber growth slow in Q1

Published 08 May 2015 08:47 CET | Europe
Cable group Liberty Global reported a slowdown in the first-quarter to organic net additions of just 68,000 revenue-generating ...

Liberty Global establishes Advanced Advertising, Data unit

Published 31 Mar 2015 12:32 CET | Europe
Liberty Global will establish a new business unit to pursue big data opportunities and new advertising models following a review ...

Liberty Global: geen bod op ITV, mogelijk wel op MNO in NL

Published 23 Mar 2015 10:39 CET | Europe
Liberty Global sluit uit dat het een bod doet om ITV volledig over te nemen. Liberty is de op één na grootste aandeelhouder in ...

ITV buys Talpa for EUR 500 mln cash, double with targets

Published 12 Mar 2015 09:20 CET | United Kingdom
UK broadcaster ITV has agreed to acquire Dutch TV production company Talpa Media for approximately EUR 500 million in cash from ...