DOCSLIB.ORG

BROADBAND, TV and BUNDLING Cable's 2020 Vision

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BROADBAND, TV and BUNDLING Cable's 2020 Vision BROADBAND, TV and BUNDLING Cable‘s 2020 Vision European Telecoms . European telecomsA EUR - a 250€275bn Bn market market with many competitors Western European Telco Revenues 2009 Total = 275 (in Bn €) 127 74 49 25 100% other Telia Sonera other Bouygues Telecom Hutchison other 80% KPN Belgacom other Swisscom Vivendi / SFR OTE ono Telecom Italia BT Telia Sonera Ziggo 60% KPN Deutsche Telekom Telenor Numericable Neuf KDG Telecom Italia Liberty Global Virgin Media Canal+ Telefonica Belgacom 40% BT Telia Sonera Deutsche Telekom KPN FT/Orange Telecom Italia Sky Deutsche Telekom 20% Telefonica Telefonica Vodafone Liberty Global FT/Orange FT/Orange Virgin Media 0% Mobile Fixed Broadband TV Note: TV includes cable TV, satellite TV, terrestrial TV, and IPTV Countries included AT, BE, DK, FI, FR, DE, GR, IE, IT, NL, NO, PT, ES, SE, CH, UK (mobile, fixed and bb) AT, BE, DK, FI, FR, DE, IE, IT, NL, NO, PT, ES, SE, CH, UK (TV) Sources: IDC, Informa, Booz & Company analysis DAVID AND GOLIATH Even After Consolidation Telco Incumbents Total Cable Industry € Bn 20101) € Bn 2010 D 27.3 8:1 3.5 F 23.3 14:1 1.6 E 19.7 10:1 1.9 UK 18.0 2,3) 7:1 2.5 3) NL 9.3 4:1 2.4 B 5.0 4:1 1.3 AT 2.4 4:1 0.6 IR 1.8 7:1 0.3 2000 2010 Note: Revenues include fixed telephony, mobile, telephony, internet access, and TV distribution 27 telcos1) Figures not fully consistent due to different revenue categories and22 reporting telcos periods; 2) Exchange rates yearly average accounting period 10000Sources: Screen cable Digest, Annual Reports 2010 (where available), oanda.com7000, Booz & cableCompany analysis ARE WE RELEVANT? Getting There Investments Drive Competitive Advantage Cable operators have invested over €22bn into the network over the past 6 years In 2009, the Capex amounts to 23% of revenues With these investments Cable realizes the first encompassing fibre-powered NGA infrastructure Source: Solon THE DIGITAL AGENDA – Realizing the targets The European Cable industry … … already today covers 50% of EU households with 10 Mbps plus … by 2013 will cover 51% of EU households with speeds of 100 Mbps and more … will provide 100 Mbps services to a minimum of 27m, best case 51m subscribers by 2020* … reaches out to small and medium enterprises with ultra high speed offers … forces telecom incumbents to start investing again *Source: Solon Cable operators are leapfrogging DSL with DOCSIS 3.0 – Already now Cable 2-6 times faster than best Incumbent offering CABLE’S LEAD ON SPEED WILL FORCE TELECOM INCUMBENTS TO INVEST IN NGA Bandwidth of Broadband Infrastructures vs. Requirements of Applications Illustrative, Mbps NGA Networks 400 >400 Cable technology Fixed-line / Fibre technology HDTV 50 50 Multiple Stream 25 Photoproc./ Gaming UGC HDTV 6 Music/ VOD IPTV Single Stream 0.064 Video Single Stream E-mail ISDN/ Modem ADSL EuroDOCSIS ADSL2+ VDSL EuroDOCSIS FTTH 2.0 3.0 Indi- cative 2002 2004 2006 2007 2008 2009 2010+ Source: Solon Infrastructure competition is needed Infrastructure competition drives penetration Broadband Uptake in Cable and Non-Cable Countries % of households Western Europe Central and Eastern Europe 65% 59% 51% 54% 39% ~2 years 55% 43% 31% 48% ~ 2.5 years 22% 27% 39% 18% 12% 27% 7% 2006 2007 2008 2009 2006 2007 2008 2009 Markets with infrastructure competition Markets with service competition Source: Eurostat, Screen Digest, Solon Our Digital Agenda Cable Europa (ONO) Spain 100 Mb/s Cabovisao Portugal 120 Mb/s Canal Digital Norway 100 Mb/s 1.2 and 1.4 Gb trials Com Hem Sweden 200 Mb/s Get Norway 200 Mb/s in Hamburg and Kabel Baden Würtemberg Germany 100 Mb/s Kabel Deutschland Germany 100 Mb/s Zurich Numericable France 100 Mb/s Sanoma Television Welho Finland 200 Mb/s Tele Columbus Germany 100 Mb/s Telenet Belgium 100 Mb/s Liberty Global 120 Mb/s UPC Austria Austria 100 Mb/s UPC Czech Republic Czech Republic 100 Mb/s Unitymedia Germany 128 Mb/s UPC Hungary Hungary 120 Mb/s UPC Ireland Ireland 100 Mb/s UPC Netherlands Netherlands 120 Mb/s UPC Poland Poland 120 Mb/s UPC Romania *Romania 100 Mb/s UPC Slovak Republic Slovak Republic 120 Mb/s UPC Cablecom Switzerland Switzerland 100 Mb/s Virgin Media UK 100 Mb/s YouSee Denmark 50 Mb/s Ziggo Netherlands 120 Mb/s Zon Multimedia Portugal 200 Mb/s *100 Mbps service launched in Cluj, Romania The Competition Intensifies, Disruptive technologies Infrastructures Platforms Content TV’s Over the Top is real, and here to stay And not just in the US Next Battlefield: Video Driven and Hungry for Bandwidth Most New TV platforms do innovative services Tele2 Functionality UPC KPN Digit. Canal Digitaal KPN IPTV XS4ALL Online IPTV Digitaal beeld- & geluid- kwaliteit * Opnemen van programma's * Pauzeren van programma's * Uitzending Gemist - - * - Video on Demand - - * - HD - * Cable Evolution – Competition Intensity of Competition 1995 2000 2005 2009/2010 Cable Evolution 1950 DSL Service1990 Infrastructure2000 Over-The2010-Top Competition/1950 LLU1990 Competition2000 / IP 2010Competition Convergence Cable Evolution – Consumer Demand Intensity of Competition 1995 2000 2005 2010 Cable Evolution Technology defined Convergence and customer Brand, lifestyle, convenience care consumer decisions consumer decisions consumer decisions So, where does that leave bundling? Bundling is a marketing concept, not a market definition • How on earth do you define it? • More than 80 product combinations possible and everyone keeps offering single play products as well • Certain bundles are technically implied: •For telcos it is difficult to offer IPTV without DSL •For cable operators it is generally difficult to offer broadband, voice of DTV without analogue • Hence, bundling is also a tool to intensify infrastructure competition, to convince customers to switch infrastructure • Many cable operators achieve a 35% bundle ratio, but half of those are two-play • Those ratios are changing, but slowly • Triple Play Bundles Germany Netherlands 32 Mbps 25 Mbps 64 Mbps 60 Mbps Bundles built on broadband speed New “All-in” Fiber Power bundles Switzerland Ireland 50 Mbps 20 Mbps 100 30 Mbps Mbps Three new 3P offers introduced Expanding 100 Mbps footprint Is Analogue Television Indispensable to offer a bundle? • Plenty of new entrants have entered the television market with bundles using IPTV, DTT and satellite • DTT in the Netherlands achieved spectacular growth, totally outside a bundle • Both in NL and Belgium over 1,2 million DTV customers were signed up in previous years, telco incumbents achieving a 42% yoy growth in tv • Analogue penetration in Belgium is down to 38% in 2011, expected to be at 17% in 2013 • Digital TV is swiftly replacing analogue TV 4.534k 4.554k 4.575k 4.591k 4.607k 47% 54% 62% 72% 83% Digital 54% 46% 38% 28% 17% Analogue 2009 2010e 2011f 2012f 2013f Belgian TV households with digital or analogue TV Sources: e-Media Institute; MAVISE; Capgemini Consulting analysis 22 Digital Surpasses Analog Is there a competition problem? • TV prices in Europe are very low, even for very innovative services • Cable’s market position in typical historic CATV countries is fast eroding from 85% in 2006 to 70% in 2010 and 60% in 2013 • Competition is intense, leading to downward price pressure and a constant development of new features • Unlikely that bundles will ever be more expensive than the sum of the individual services •Even if a choice can be made which of the bundle options would be submitted to a SSNIPP test, it will not work, because customers could simply move back to 2- or 1- play services • The Openness Debate Distribution- Aggregation- Search- Community- Device- centred centred centred centred centred "Consumer- perceived "Closed" "Open" "Open" "Open" "Closed" openness" Open IP capacity Search services Community platform Auxiliary products2 Actual Managed transport1 TV channel Content Content platform3 Ad platform Degree of Platform/STB Ad sales Ad platform Ad platform openness Sales channel Content/distr. rights User data Sales channel4 Search algorithm Sales channel Customer data Customer data User data Device/OS Closed 1. E.g. in cable DVB-C, satellite DVB-S 2. OS, Mail, Maps, etc. 3. E.g. iTunes, App Store 4. Pay TV = Key assets Source: BCG Analysis Conclusions Cable’s investments in technology are paying off throughout Europe Cable’s broadband competition is forcing incumbent telcos to invest again Infrastructure competition is what Europe needs, regulated wholesale access is marginalising Regulated access for telecom incumbents to analogue TV, DTV or broadband of cable operators, would harm a very effective wireline competition just starting and would take a way an essential incentive to invest by these incumbents themselves Bundling is a marketing concept, not a market definition Analogue TV is not an indispensable element of any bundle TV distribution markets in Europe are extremely competitive If anything, bundling makes these markets more competitive, certainly when the mobile component is added to the bundle .
Load more

Recommended publications
  • TV Channel Distribution in Europe: Table of Contents
    TV Channel Distribution in Europe: Table of Contents This report covers 238 international channels/networks across 152 major operators in 34 EMEA countries. From the total, 67 channels (28%) transmit in high definition (HD). The report shows the reader which international channels are carried by which operator – and which tier or package the channel appears on. The report allows for easy comparison between operators, revealing the gaps and showing the different tiers on different operators that a channel appears on. Published in September 2012, this 168-page electronically-delivered report comes in two parts: A 128-page PDF giving an executive summary, comparison tables and country-by-country detail. A 40-page excel workbook allowing you to manipulate the data between countries and by channel. Countries and operators covered: Country Operator Albania Digitalb DTT; Digitalb Satellite; Tring TV DTT; Tring TV Satellite Austria A1/Telekom Austria; Austriasat; Liwest; Salzburg; UPC; Sky Belgium Belgacom; Numericable; Telenet; VOO; Telesat; TV Vlaanderen Bulgaria Blizoo; Bulsatcom; Satellite BG; Vivacom Croatia Bnet Cable; Bnet Satellite Total TV; Digi TV; Max TV/T-HT Czech Rep CS Link; Digi TV; freeSAT (formerly UPC Direct); O2; Skylink; UPC Cable Denmark Boxer; Canal Digital; Stofa; TDC; Viasat; You See Estonia Elion nutitv; Starman; ZUUMtv; Viasat Finland Canal Digital; DNA Welho; Elisa; Plus TV; Sonera; Viasat Satellite France Bouygues Telecom; CanalSat; Numericable; Orange DSL & fiber; SFR; TNT Sat Germany Deutsche Telekom; HD+; Kabel
    [Show full text]
  • Liberty Global Unveils Its Smallest, Most Environmentally-Friendly Set Top Box
    LIBERTY GLOBAL UNVEILS ITS SMALLEST, MOST ENVIRONMENTALLY-FRIENDLY SET TOP BOX UPC Poland Becomes First Liberty Global Company to Launch New 4K Mini TV Box London, United Kingdom – August 24, 2020 Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK), one of the world’s leading converged video, broadband and communications companies, is today introducing its greenest-ever set top box, delivering a world-class viewing experience while dramatically reducing energy consumption and the use of plastics. Designed in-house by engineers at Liberty Global and manufactured by CommScope, the compact, multi- faceted 4K Mini TV Box combines a high-quality customer experience and rich choice of content with extremely low power consumption and a casing that’s partially made from recycled plastic. The 4K Mini TV Box will be available from today to UPC Poland customers and will be introduced in other Liberty Global markets in due course. SMALL IN SIZE – BUT BIG IN IMPACT Despite its small size, the media box gives customers complete control over their entertainment experience by providing access to the full spectrum of content including live TV, replay TV, on demand content and access to a range of in-built OTT apps, all in crystal-clear image quality up to 4K, combined with Dolby sound. Additionally, the 4K Mini TV Box also allows users to stream self-generated content from their phones direct to their TV and is operated by a Bluetooth-connected voice-enabled remote control. Built with a seamless user set-up experience in mind, the 4K Mini TV Box is powered by Liberty Global’s next generation TV platform, Horizon 4.
    [Show full text]
  • Results and Presentations
    March 18, 2014 Full Year 2013 Results 1 An International Cable Operator in Attractive Markets 9 Territories Belgium Luxembourg 14m Homes Passed Western Europe Switzerland France 3m Cable Customers Portugal 6.6m Cable RGUs Israel Dominican Republic Guadeloupe & Overseas Martinique Territories French Guiana Mayotte La Réunion Note: figures above include Orange Dominicana and Tricom 2 Altice SA Full Year Results - Highlights Financials Recent Strategic Initiatives Liquidity & Capital Full-year pro forma1 revenue up 0.7% Successful IPO creates equity IPO raised c€750m primary proceeds to €3.2bn currency for future opportunities & created 26% free float • mainly driven by Israel & France, partially offset by Portugal and Increased Numericable stake to 40% Altice SA consolidated net debt of ODO €6,255bn Closed Tricom acquisition in Full-year pro forma EBITDA up 6.0% Dominican Republic; Orange to follow Altice VII net debt of €3,509bn to €1.36bn €384m consolidated cash and • Mainly driven by Israel & Portugal undrawn revolvers of €163m Full-year proforma OpFCF2 up 27% to €667m Triple-play penetration up 5% pts to 61% Notes: 1 These results reflect the pro forma results of the Altice S.A. group, including the planned acquisition of Orange Dominicana, but excluding Tricom and Mobius. 2 Defined here and throughout presentation as EBITDA - Capex 3 Altice S.A Key Operational Highlights Israel France Reorganization program finished 5% cable customer growth 3.6% ARPU growth driven by strong triple-play and high 2% ARPU growth speed
    [Show full text]
  • Belgian Cable Observatory
    Belgian Cable Observatory PRODUCED B Y IDATE O N BEHALF O F O R A N G E BELGIUM UNDER T H E ACADEMIC CONTROL OF PROF A. DE STREEL,DIRECTOR O F C R I D S , NAMUR UNIVERSITY Agenda – What are the impacts of cable opening on Belgian broadband markets so far? Cable opening scores better than copper opening in the past Price trends and competitive environment have not changed much at this stage Investments were upheld Regulatory changes have been decided recently Conclusion: Cable opening is off to an encouraging start, but it is still too early to draw definitive conclusions NGA adoption keeps increasing at a steady pace in Belgium Market shares on the Belgian Residential NGA fixed broadband Net Residential NGA lines additions per player market In number of lines In % of subscriptions Source: BIPT Source: BIPT Cable opening shows better results than copper unbundling COPPER LOCAL LOOP UNBUNDLING HAS FAILED IN BELGIUM, AS ON THE CONTRARY, AFTER ONLY TWO YEARS OF AVAILABILITY, DEMONSTRATED BY STEADILY DECREASING WHOLESALE PRODUCTS SALES BITSTREAM CABLE ADOPTION IS RAPIDLY INCREASING Sales of fully and partially unbundled lines by Proximus, 2010-2017 • Since the opening of the cable market, Orange Belgium as its main Number of lines beneficiary has gained more than 155,000 Cable subscribers in Belgium • This represents an average quarterly increase of +39% in subscribers since Q1 2016 • As a comparison, two years after the beginning of copper local loop unbundling in Belgium, the total of fully and partially unbundled copper lines activated was
    [Show full text]
  • Media Influence Matrix Romania
    N O V E M B E R 2 0 1 9 MEDIA INFLUENCE MATRIX: ROMANIA Author: Dumitrita Holdis Editor: Marius Dragomir Published by CEU Center for Media, Data and Society (CMDS), Budapest, 2019 About CMDS About the authors The Center for Media, Data and Society Dumitrita Holdis works as a researcher for the (CMDS) is a research center for the study of Center for Media, Data and Society at CEU. media, communication, and information Previously she has been co-managing the “Sound policy and its impact on society and Relations” project, while teaching courses and practice. Founded in 2004 as the Center for conducting research on academic podcasting. Media and Communication Studies, CMDS She has done research also on media is part of Central European University’s representation, migration, and labour School of Public Policy and serves as a focal integration. She holds a BA in Sociology from point for an international network of the Babes-Bolyai University, Cluj-Napoca and a acclaimed scholars, research institutions and activists. MA degree in Sociology and Social Anthropology from the Central European University. She also has professional background in project management and administration. She CMDS ADVISORY BOARD has worked and lived in Romania, Hungary, France and Turkey. Clara-Luz Álvarez Floriana Fossato Ellen Hume Monroe Price Marius Dragomir is the Director of the Center Anya Schiffrin for Media, Data and Society. He previously Stefaan G. Verhulst worked for the Open Society Foundations (OSF) for over a decade. Since 2007, he has managed the research and policy portfolio of the Program on Independent Journalism (PIJ), formerly the Network Media Program (NMP), in London.
    [Show full text]
  • FAANGS for the Memories
    Cable Congress 2018 FAANGS for the memories 28 March 2018 Cable Congress Event Summary Hardly a presentation went by at the annual meeting of the European Cable Industry A collection of without mention of the FAANGS (Facebook, Amazon, Apple, Netflix, Google). findings from These internet titans were cited as the reason behind cable’s need to consolidate further, Cable Europe’s to embrace mobile more energetically, to shift video transmission to IP, to invest in ever higher speed and capacity, to embed data, machine learning and artificial intelligence in annual Congress, business models and to become an aggregation hub for internet delivered video content. March 6-7 2018 There were also numerous calls for the FAANGS to be blunted by more active oversight in Dublin and regulation. If the time to mend the roof is when it is sunny, then cable is picking the right time to examine its strategy and positioning. European cable growth remains positive, video erosion is slowing and is very minor compared to the high-ARPU US market. The reduced cost to extend network means that the pace of new cable build is growing, and cable businesses are attracting high valuations in the accelerating M&A market. The pace of innovation remains high, and the Congress showcased this, with developments in the traditional cable technologies as well as a recognition that the future would lie in a world of IP video and data-led artificial intelligence processes. Marketing and products are not immune from evolution either – the days when bundling and triple play were the holy grail are over, and there is a recognition that personalisation, ease of use and content aggregation are needed to retain customers whose behaviour and desires are adapting to a digital world.
    [Show full text]
  • Results from the Third Quarterly
    Euskaltel – Third Quarter 2015 Results 28 October 2015 Executive summary (i/iv) 241 247 118 173 Main figures for the business for the periods ended September 30th, 2015 and 2014 28 119 Key financials for the 9-month period ended September 30th, 2015 and 2014 177 132 177 143 177 159 3Q15 adjusted vs 0 41 3Q15 3Q15 Adjusted (**) 3Q14 3Q14 % 3Q14 102 184 Total Revenue 244.4 244.4 239.0 5.4 2.3% 153 255 Residential 151.5 151.5 146.1 5.4 3.7% 123 178 151 199 Business 69.0 69.0 70.4 (1.4) -2.0% 73 139 Wholesale & Other 17.3 17.3 17.3 0.0 0.1% 194 218 Others (*) 6.6 6.6 5.2 1.4 27.3% 172 205 141 187 Ebitda 103.9 116.7 112.3 4.4 3.9% 206 Ebitda Margin 42.5% 47.7% 47.0% 0.8 pp 52 OpFCF 75.3 88.1 86.3 1.8 2.0% 3 conversion rate 72.5% 75.5% 76.9% -1.4 pp Net Income (3.3) 36.0 25.6 10.4 40.7% Net Financial Debt 449.8 266.6 183.2 68.7% Net Debt / Ebitda 2.8x 1.7x 1.1x (*) Profit neutral operations (**) Excluded costs related to the IPO process, debt cancellation and the acquisition of R Cable. 1 Executive summary (ii/iv) Business: Inflexion point in revenue 241 247 118 173 28 119 • Total revenue for the period ended September 30th, 2015, have been €244.4mn vs €239.0mn, +€5.4mn (+2.3% YoY).
    [Show full text]
  • THE E-HEALTH OPPORTUNITY for the TELECOMMUNICATION INDUSTRY and PORTUGAL TELECOM – a CASE STUDY Cover
    THE E-HEALTH OPPORTUNITY FOR THE TELECOMMUNICATION INDUSTRY AND PORTUGAL TELECOM – A CASE STUDY Cover Francisco Borges d’Almeida Nascimento Master of Science in Business Administration Orientador: Prof. Jorge Lengler, ISCTE Business School, Departamento de Marketing, Operações e Gestão Geral April 2015 THE E-HEALTH OPPORTUNITY FOR THE TELECOMMUNICATION INDUSTRY AND PORTUGAL TELECOM – A CASE STUDY Francisco Borges d’Almeida Nascimento Case Study – E-Health in the telecommunication industry and at PT Abstract Electronic-Health (e-health) is a recent answer to some pressing challenges on health. Aging of western societies and treatments’ rising costs raised doubts about health systems’ sustainability. Individuals, companies and public administration alike are looking for technology to find aid in addressing these challenges. Several industries are tacking those issues offering innovative solutions among which Telecommunication’s. Nonetheless, this industry is facing challenges from over- the-top players menacing its business model. Portugal Telecom shares these challenges and is looking to diversify to guarantee future growth, namely, by developing in e-health solutions. This case study follows two important threads in strategy literature: diversification and the resource-based view, applied Portugal Telecom and the e-health opportunity. As a case study, it aims providing readers a tool to better understand and employ strategic management concepts and frameworks in an applied business context. E-health as an opportunity for growth to Telecommunication companies and Portugal Telecom is described from three points of view: i) an actual market need ii) that may be addressed by Telecommunication companies and iii) should be addressed by those companies as they need to grow.
    [Show full text]
  • Eutelsat S.A. €300,000,000 3.125% Bonds Due 2022 Issue Price: 99.148 Per Cent
    EUTELSAT S.A. €300,000,000 3.125% BONDS DUE 2022 ISSUE PRICE: 99.148 PER CENT The €300,000,000 aggregate principal amount 3.125% per cent. bonds due 10 October 2022 (the Bonds) of Eutelsat S.A. (the Issuer) will be issued outside the Republic of France on 9 October 2012 (the Bond Issue). Each Bond will bear interest on its principal amount at a fixed rate of 3.125 percent. per annum from (and including) 9 October 2012 (the Issue Date) to (but excluding) 10 October 2022, payable in Euro annually in arrears on 10 October in each year and commencing on 10 October 2013, as further described in "Terms and Conditions of the Bonds - Interest"). Unless previously redeemed or purchased and cancelled in accordance with the terms and conditions of the Bonds, the Bonds will be redeemed at their principal amount on 10 October 2022 (the Maturity Date). The Issuer may at its option, and in certain circumstances shall, redeem all (but not part) of the Bonds at par plus any accrued and unpaid interest upon the occurrence of certain tax changes as further described in the section "Terms and Conditions of the Bonds - Redemption and Purchase - Redemption for tax reasons". The Bondholders may under certain conditions request the Issuer to redeem all or part of the Bonds following the occurrence of certain events triggering a downgrading of the Bonds as further described in the Section "Terms and Conditions of the Bonds — Redemption and Purchase - Redemption following a Change of Control". The obligations of the Issuer in respect of principal and interest payable under the Bonds constitute direct, unconditional, unsecured and unsubordinated obligations of the Issuer and shall at all times rank pari passu among themselves and pari passu with all other present or future direct, unconditional, unsecured and unsubordinated obligations of the Issuer, as further described in "Terms and Conditions of the Bonds - Status".
    [Show full text]
  • Submissions to Public Consultation on New RTÉ Service Proposals
    Roinn Cumarsáide, Fuinnimh agus Acmhainní Nádúrtha Department of Communications, Energy and Natural Resources Submissions to Public Consultation on New RTÉ Service Proposals Publication Date: 23rd February 2011 Contents Page 1 Submissions ...........................................................................................................4 2 Professor Paolo Bartoloni ......................................................................................5 3 Seo O'Catháin........................................................................................................6 4 Comhluadar..........................................................................................................12 5 Community Television Association.....................................................................14 6 Conradh na Gaeilge..............................................................................................17 7 David Costigan.....................................................................................................19 8 EIRCOM..............................................................................................................20 9 FIG .......................................................................................................................22 10 Football Association of Ireland......................................................................26 11 French Teachers Association of Ireland ........................................................27 12 Gael Linn.......................................................................................................28
    [Show full text]
  • Vodafone Group and Liberty Global Announce Intention to Appoint Two Senior Executives for Their Proposed Netherlands Joint Venture
    Vodafone Group and Liberty Global announce intention to appoint two senior executives for their proposed Netherlands joint venture Jeroen Hoencamp to be appointed Chief Executive and Ritchy Drost to be appointed Chief Financial Officer upon completion of transaction Denver, Colorado and London, United Kingdom ‐ 19 July 2016: Vodafone Group Plc (LSE: VOD) and Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) today announced their intention to appoint Jeroen Hoencamp as Chief Executive and Ritchy Drost as Chief Financial Officer of the two companies’ proposed 50‐50 joint venture business combining Vodafone Netherlands and Ziggo*. The merger is subject to approval by the relevant competition authorities. Jeroen Hoencamp is currently the Chief Executive of Vodafone UK. A Dutch citizen, he has led Vodafone’s UK business since September 2013 and was previously Chief Executive of Vodafone Ireland. Before that, he spent 12 years in a number of senior executive roles (including Sales Director and Enterprise Business Unit Director) with Vodafone Netherlands. Earlier in his career he worked in senior marketing and sales positions with Canon Southern Copy Machines, Inc. in the USA and Thorn EMI/Skala Home Electronics in The Netherlands. He is a former officer in the Royal Dutch Marine Corps. In anticipation of the joint venture closing, Vodafone Group also announced that Jeroen Hoencamp will assume the position of Chief Executive of Vodafone Netherlands, effective 1 September 2016. Ritchy Drost is currently Chief Financial Officer of Ziggo, a position he has held since September 2015. Over a 17‐year career with Liberty Global he has held a number of senior management positions including Chief Financial Officer, European Broadband Operations and Managing Director and Chief Financial Officer of UPC Netherlands, Liberty’s predecessor Dutch cable operation.
    [Show full text]
  • EGM Presentation
    Development of the Fiber Champion strategy to achieve a long-term sustainable positioning in a highly dynamic broadband market FTTB/H The strategy requires a significant amount of new capital with a total anticipated network upgrade investment of c.€2bn over the next 10 years, resulting in negative cash flows over the course of the next years Fiber Champion Strategy Announcement of the public takeover offer by Morgan Stanley Infrastructure Partners Open Long-term Access customer (“MSIP”) creates the opportunity for Tele Columbus to raise the capital needed in order to Strategy relationships be able to execute the strategy _________ Definition of three pillar strategy To achieve a more sustainable capital structure and enable the further implementation of the Fiber Champion strategy, the following prerequisites need to be met: . Shareholder approval for the €475m capital increase, which is backed by the BidCo up to the full amount upon successful completion of the transaction . Minimum acceptance threshold of 50% . Sufficient consent of bond and loan creditors to waive their Change-of-Control (“CoC”) rights . Regulatory approvals Furthermore and upon successful completion of the transaction, bidder intends to inject additional equity in the amount of €75m in order to further support the implementation of the strategy 2 % FTTB/H coverage by federal state1 %-share of TC`s total TWU HC2 by federal state Hamburg 71% 2% Schleswig-H. 23% 1% Bavaria 14% 16% Nordrhine-W. 11% 2% Saxony 10% 23% Mecklenburg-V. 9% 3% Lower Saxony 9% 1% Hesse 9% 2% Saxony-A. 7% 10% Brandenburg 6% 10% Baden-W. 4% 2% Rhineland-P.
    [Show full text]