trending Market Intelligence /marketintelligence/en/news-insights/trending/CvkZUQ-epEOGLJB_LbEmSA2 content esgSubNav
In This List

Spotify buys streaming app MightyTV; Ericsson eyes further shakeup

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

TMT Digital Newsletter: May 2021

Blog

Fintech Intelligence Digital Newsletter: May 2021


Spotify buys streaming app MightyTV; Ericsson eyes further shakeup

TOP NEWS

* Swedish-founded Spotify Ltd. said it has acquired video streaming service MightyTV. Founder Brian Adams will join Spotify as vice president of technology, with focus on advertising and marketing technology solutions. The price of the deal has not been made public.

* Ericsson AB is planning a reorganization of its top management, Dagens Industri reports, citing sources. Chief Innovation Officer Per Borgklint and executive vice president and adviser to the CEO, Magnus Mandersson, are likely to leave, the sources reportedly said.

PAN-EUROPEAN

* U.K. Home Secretary Amber Rudd urged the European Union to step up efforts in addressing online extremism, London's The Guardian reports. EU Home Affairs Commissioner Dimitris Avramopoulos said the EU will bolster its efforts to combat terrorism in the coming months, and has already met with the leaders of Twitter Inc., Facebook Inc. and Google Inc.'s YouTube Inc. regarding the matter. Google is a unit of Alphabet Inc.

UK AND IRELAND

* British Telecom appointed David Wallace to head the company's public sector business in Scotland, according to a news release. Wallace will lead a 15-person team focusing on local relationships and driving business with Scottish agencies. BT expects to increase its market share in Scotland.

* Siemens AG is committed to invest in its operations in London and the U.K. amid the uncertainty brought about by Brexit, Bloomberg News reports. CEO Juergen Maier said London remains to be an important market for the engineering company.

* IAC/InterActiveCorp's HomeAdvisor bought MyBuilder, a home services platform connecting homeowners and tradesmen in the U.K., for an undisclosed sum, according to a news release. The MyBuilder purchase follows HomeAdvisor's purchase of Canada's HomeStars in February and Germany's MyHammer in 2016.

* Barclays will launch a £100 million fund to offer specialist loans to British TV producers, which would help content makers to mitigate cash flow challenges when working with streaming companies such as Netflix Inc. and Amazon.com Inc., The (U.K.) Daily Telegraph reports. Netflix pays producers on an installment basis that sometimes takes years, according to the report.

GERMANY, SWITZERLAND AND AUSTRIA

* German company Software AG has acquired German IoT developer Cumulocity, according to a press release. Software AG plans to expand its portfolio by integrating Cumulocity's IoT solutions for its enterprise clients.

* German licensing company Telepool now owns 100% of media subsidiaries EuroVideo Median GmbH and Global Screen GmbH, reports DWDL. The companies had been partly owned by media firm Bavaria Film.

* Following RTL Group's critical TV report on the death of Unister founder Thomas Wagner, Unister travel portal unit ab-in-den-urlaub.de will no longer buy advertising spots from the German commercial broadcaster. Instead, the portal will be airing its adverts via rival broadcaster ProSiebenSat.1 Media SE, reports Meedia.

FRANCE

* Le Figaro announced the launch of Figaro Live in April. The interactive video news stream, that will broadcast non-stop including live spots, is designed for distribution through social media channels.

* Outscale became the first French cloud provider to open a data center in Silicon Valley, Le Journal du Net reports. Currently in its beta phase, the center, the fourth for Outscale in the U.S., counts among its clients French digital companies such as OpenDataSoft, Placemeter and Fia-Net.

NETHERLANDS, BELGIUM AND LUXEMBOURG

* Verizon Communications Inc. is working with SES SA to develop Ultra HD delivery services for Fios subscribers throughout the U.S., according to a news release. The U.S. carrier said it will receive and test content from SES' pre-packaged Ultra HD platform, which combines a lineup of Ultra HD channels and reception equipment in a service delivered over scalable satellite capacity.

* Amsterdam-based startup Recruitz.io, which focuses on recruitment software, gained an investment of €2 million from investment fund Slingshot to stimulate international expansion, writes Nu.nl. Recruitz.io has developed software that automatically shows vacancies to the right target group on platforms such as Google and Facebook.

* The Dutch Undersecretary of Education, culture and science Sander Dekker wants to change the appointment procedure at several Dutch media organizations including those of public broadcasters NPO and NOS, reports MediaMagazine. The goal is to keep possible political influence separated from nominating personnel at certain organizations, to ensure independence.

NORDIC COUNTRIES

* Telia Co. AB is considering taking up a hybrid loan of between €1 million and €2 million, Dagens Industri reports, citing sources. The capital is likely to be used on a large acquisition, the sources said. In 2016, there were strong rumors that Telia was looking to acquire Danish telecom group TDC A/S.

* Telia Norway has entered into a partnership with Norwegian company Disruptive Technologies, which develops end-to-end sensor solutions, customized for IoT. Telia Norway said that the two companies aim to develop a toolkit that makes it easy to explore opportunities in the Internet of Things.

SOUTHERN EUROPE

* EU's antitrust regulators are looking into the Italian government's tender process for the broadband network build-out in the country, Reuters reports, citing the commission's spokesman. Telecom Italia SpA had ask the EU watchdog to look into potential EU state aid rules violation on the tender process, according to a source.

* Telecom Italia spent about €800,000 for the rollout of a fiber-optic network in Abbiategrasso, Lombardy, Telecompaper reports. About 10,000 households in the town are now able to access internet speeds of up to 100 Mbps, according to the report.

* Portuguese cable operator Nowo agreed to use content delivery network solutions from Broadpeak for its recently launched over-the-top multiscreen service, according to a news release. The equipment from Broadpeak will enable Nowo to deliver advanced television services such as live, video-on-demand and catchup TV.

* Italian telecom regulator Agcom directed the country's operators to stop charging fixed-line bills on a 28-day cycle, Telecompaper reports. Vodafone Group Plc's Vodafone Italia and Wind Tre SpA must abolish 28-day fixed-line billing, while Telecom Italia and Swisscom AG unit Fastweb SpA must reverse recent plans to implement it. Wind Tre is the merged Italian units of CK Hutchison Holdings Ltd. and VEON

* Telefónica SA launched a new call for grants to data research projects under the Data Transparency Lab program. The Spanish telecom giant, together with Mozilla, INRIA and MIT Connection Science, will grant up to €50,000 each to six research projects focusing on the development of transparency software tools for end-users, interest groups, regulators and governments.

EASTERN EUROPE

* Telia Estonia struck an strategic partnership on Internet of Things solutions with Connected Baltics OÜ, an accredited operator of French network company Sigfox in Estonia. The deal will enable Telia Estonia's business customers to use Sigfox's IoT network to provide services for smart devices.

* Cable operator Vectra SA secured co-financing in the first tender of Operational Programme Digital Poland to extend its network to at least 4,851 Polish households, Telecompaper reports, citing Telko.in. Vectra unit Spray will execute the network expansion via four separate projects, according to the report.

* ANCOM president Catalin Marinescu will become head of strategy at the International Telecommunication Union in early May, Broadband TV News reports, citing ZF. Marinescu, who has led the Romanian telecom regulator since 2009, will step down from his current post by end-April.

FEATURED NEWS

Briefing Room: Facebook, Google face terrorism crackdown in UK following London attack: The U.K. government is demanding access to encrypted messaging services following the recent terror attack in London. It also considers legislation that could force social media platforms and other websites to remove extremist material

Price war looms as Vodafone, Idea merger takes shape in India: Vodafone Group is set to become India's largest operator once the merger between Vodafone India and Idea Cellular closes.

M&A Replay: European deals through March 24: Vodafone, Nokia, Facebook: S&P Global Market Intelligence provides a wrap-up of European media and communications deal announcements, completions and updates from March 17 to March 24.

M&A Replay: Apple buys automation tool Workflow; Amazon to acquire Souq.com: S&P Global Market Intelligence provides a wrap-up of U.S. media and communications deal announcements and completions from March 20 to March 24.

FEATURED RESEARCH

Wireless Investor: M2M and postpaid are source of future growth in French mobile industry: The French mobile market is mature, with penetration of mobile subscriptions having already topped 128% of total pops at the end of 2016.

Anne Freier, Sylvia Edwards Davis, Charlotte van Hek and Esben Svendsen contributed to this report. The Daily Dose has an editorial deadline of 7 a.m. London time. Some external links may require a subscription.