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Spanish court suspends Mediaset's pan-European plan

2019-10-11 15:04:00| Telecompaper Headlines

(Telecompaper) A Madrid commercial court has temporarily suspended Italian broadcaster Mediaset's plan to merge its domestic and Spanish business into a Netherlands-based holding company following a legal challenge by shareholder Vivendi. The French company objected to the extraordinary meeting of Mediaset Spain's shareholders held last month to approve the creation of Media for Europe (MFE) on grounds that the new governance structure is designed to favour the broadcaster's biggest shareholder, the Fininvest investment vehicle of the Berlusconi family.

Tags: plan court spanish suspends


SAP announces departure of CEO McDermott and replacement by Morgan and Klein as co-CEOs

2019-10-11 09:30:00| Telecompaper Headlines

(Telecompaper) SAP has announced that CEO Bill McDermott is stepping down. The company said that it has activated its succession plan and is appointing members of the executive board Jennifer Morgan and Christian Klein to succeed him as co-chief executive officers. 

Tags: as replacement ceo morgan


Ziggo to launch gigabit speeds in Utrecht from 15 October

2019-10-10 18:42:00| Telecompaper Headlines

(Telecompaper) Ziggo will launch its gigabit offering on 15 October. Initially, residents of Utrecht, Vleuten, De Meern and Nieuwegein will get the speeds, CEO Jeroen Hoenkamp said during the Get Connected annual conference of the Economic Board Utrecht. Hilversum will come next at the end of November, with more cities and regions set to follow in 2020.

Tags: october launch speeds utrecht


Proxy adviser ISS recommends rejecting Sunrise capital increase to finance UPC purchase - report

2019-10-10 16:08:00| Telecompaper Headlines

(Telecompaper) Proxy adviser ISS is recommending that shareholders of Sunrise reject the proposal for a capital increase to finance the takeover of UPC Switzerland at the next Extraordinary General Meeting on 23 October, Reuters reports, citing a report sent to clients.   


Huawei, Sunrise reach milestone 3.67 Gbps downlink speed over 5G commercial network

2019-10-10 14:21:00| Telecompaper Headlines

(Telecompaper) Huawei announced that it has achieved a new milestone of 3.67 Gbps downlink with multiple 5G smartphones during a test conducted over the commercial network of Sunrise.  


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