Euromedia November | Page 6

euro news_news 26/11/2014 19:37 Page 1 BSkyB completes acquisitions and renames as Sky SkyB has completed its takeover of Sky Italia and Sky Deutschland and is changing its name to Sky, in place of British Sky Broadcasting (BSkyB) in recognition of the international scope of the business. The company has acquired 89.71% of the share capital of Sky Deutschland and all of Sky Italia was for a total of £2.45 billion (€3.09bn), satisfied by £2.07 billion in cash and the balance through the transfer to 21st Century Fox (owner of Sky Italia) of BSkyB’s 21% stake in National Geographic Channel International. The acquisition of 87.45% of Sky Deutschland through the offer process was for a total of €5.6 billion (representing €6.75 per share). Completion follows unconditional clearances from the EU and national media authorities and strong shareholder support for the transaction with 96% voting in favour; and the successful issuance of £5.8 billion in debt and equity transaction financing. The enlarged group will serve 20m customers across five countries: Italy, Germany, Austria, the UK and Ireland. It will also be one of the largest employers in the sector with 31,000 staff across 30 main sites. With a combined programme spend of £4.6 billion, Sky says it is Europe’s leading investor in CDN provider Tata Communications has become the first company to deliver a live 4K feed from a Formula 1 event. This landmark was achieved during the first practice session at the 2014 Formula 1 Singapore Airlines Singapore Grand Prix, where live footage was delivered end-to-end over Tata Communications' Global Video Connect Network, to Formula One Management's (FOM) Technical HQ in Biggin Hill, UK. The live delivery highlighted the next generation 4K broadcast capabilities afforded by fibre-optic cable, as well as illustrating how the future of 4K sports broadcasting could look. Mehul Kapadia, MD F1 Business, Tata Communications, said the transmission was another milestone in its journey with Formula One Management and showed the real potential of sports broadcasting over our Video Connect Network, as well as the quality and speed by which it can be delivered." B television content and at the forefront of delivering services over broadcast, online and mobile platforms so that customers can enjoy great TV whenever and wherever they choose. By bringing together the three businesses, Sky believes it will share strengths and expertise from across the group to serve customers better, accelerate innovation and grow faster. The new Sky will be built on a shared ethos of always pushing forward to provide customers with more choice, better content and a superior TV experience. According to Sky, the potential for future growth is significant. Over 60m households have yet to take payTV across the five markets in which it operates and there is also substantial opportunity to launch new services and bring additional products to more customers. As group chief executive, Jeremy Darroch (above) will Typically, Tata Communications provides 120 megabits per second (Mbps) for JPEG 2000. During the Biggin Hill showcase, Tata Communications provided 500 Mbps for a single feed, a capability that was only made possible thanks to 4K F1feed from Tata Communications 6 EUROMEDIA oversee the enlarged group as well as continuing to lead the UK and Ireland business while Andrew Griffith will be group chief financial officer. Andrea Zappia will continue to lead the business in Italy as chief executive of Sky Italia and Brian Sullivan remains chief executive of Sky Deutschland. Darroch said the three Sky businesses would be “even better” together. “We have the opportunity to create a business that can lead and shape our industry in the future. Customers will benefit as we launch exciting new services, bring them even more great TV and accelerate innovation across all of the markets in which we operate. By joining together, we will share our strengths and expertise while retaining a strong identity in each country where we operate. The opportunity ahead is substantial and we believe the new Sky will be good for customers, content creators and shareholders alike,” he stated. the company's global Video Connect network, delivering video and converged IP services seamlessly for high quality sports events. John Morrison, Formula One Management's CTO, said that 4K was an "exciting" new technology which could have great potential when it comes to sports broadcasting. "We are focused on giving F1 fans the best possible experience, which is why we are pleased to be supporting Tata Communications in bringing 4K closer to reality," he added.