DOCSLIB.ORG

Worldreginfo - 53Ce82ba-57Bc-4639-816F-B3913f2217e2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Worldreginfo - 53Ce82ba-57Bc-4639-816F-B3913f2217e2 Altice N.V. Annual Report 2015 Prins Bernhardplein 200 1097 JB Amsterdam The Netherlands WorldReginfo - 53ce82ba-57bc-4639-816f-b3913f2217e2 Letter from the CEO Dear Shareholders, Altice is starting 2016 with great satisfaction over the achievements of the Group in 2015 and we are looking forward to the completion and integration of many projects and previously announced acquisitions in 2016. 2015 has been a major step forward for our Group and we have been constantly growing. Notably we completed the acquisition of Portugal Telecom; purchased Vivendi’s remaining stake in Numericable-SFR; entered the US market with the acquisition of Suddenlink and an agreement to acquire Cablevision; completed the cross-border merger between Altice N.V. and Altice S.A.; entered into a strategic partnership with NextRadioTV; and made substantial progress in the integration of the acquisitions of Tricom and Altice Hispaniola in the Dominican Republic, SFR in France and Portugal Telecom in Portugal. At the same time, in every country in which we operate, significant projects have been announced to offer our customers the best speed, the best quality, the best networks, the best services and the best content. I would like to recall some of the Groups’ achievements in 2015 without being exhaustive. The acquisition of Portugal Telecom The acquisition of Portugal Telecom was significant for several reasons, including the fact that this is Altice’s first acquisition of an incumbent PTO with a highly diversified revenue base. Being a market leader in fixed, mobile, B2B and B2C in Portugal, we believe we can leverage its state-of-the-art infrastructure with its leading FTTH network, national DTH coverage and leading 4G-LTE coverage. Furthermore, Portugal Telecom is also a highly successful multi-play operator and leader in converged services, with its best-in class highly innovative offering and products. We therefore believe that Altice’s best-in-class expertise can be utilized to drive efficiencies and margin expansion in a market that Altice understands very well. Our first step(s) in the US market The acquisition of Suddenlink which we completed in December 2015 constituted the first major step in our strategy of entering the US market. Suddenlink, the 7th largest US cable operator has 1.5 million residential and 90,000 business customers and has operations primarily located in the states of Texas, West Virginia, Louisiana, Arkansas and Arizona. In 2015, Suddenlink generated EUR 2.2 billion in revenue and over EUR 889 million in Adjusted EBITDA with a balanced revenue mix between residential video, broadband, telephony and business services. With a well invested, leading broadband network across its footprint, Suddenlink has a strong operational and financial growth track record and is the market leader in pay television and broadband in its markets. Suddenlink represents an excellent fit for the Group and will benefit from the operational expertise, scale and investment support that are at the core of the Altice business model. With this acquisition, the Group entered the large and attractive US telecommunications market and takes a further step in diversifying and balancing its portfolio of high-quality businesses. The acquisition was made in partnership with BCP and CPPIB, the previous owners of the business who retained a 30% stake. This acquisition opened an attractive industrial and strategic avenue for Altice in the US. Indeed, on 16 September 2015, we announced our second step into the US, with an agreement to acquire Cablevision, subject to regulatory approval, in partnership with BCP and CPPIB. Cablevision is the leading operator in the New York metropolitan area (New York, New Jersey, Connecticut), which represents the most attractive US cable market characterized by affluence and population density. Cablevision has a DOCSIS 3.0 enabled network passing more than 5 million homes and serves more than 3.1 million residential and business customers. Approximately 64% of its cable/fiber customers subscribe to triple-play services, helping Cablevision generate industry-leading Average Revenue Per Unit (“ARPU”) and high customer loyalty. Cablevision is highly regarded for its customer services with one of the lowest churn rates in the US. The acquisition also includes: Lightpath, the company’s business services unit; News 12 Networks, a local news channel which is the first, largest, and most-watched 24-hour local television news network in the US, delivering local news to more than 3.7 million homes in the New York tri-state area; Newsday Media Group with Newsday, the Pulitzer Prize- winning newspaper distributing over 1.8 million weeklies on Long Island, and New York, the prominent free daily newspaper in the US with a circulation of approximately 319,000 on weekdays (including digital editions); and Cablevision Media Sales, the company’s advertising sales division. 1 WorldReginfo - 53ce82ba-57bc-4639-816f-b3913f2217e2 News, Sports, Series-Movies: our content strategy Altice and NextRadioTV, a French multimedia company, have announced the signing of a strategic partnership to invest in and to accelerate the development of multimedia projects in both France and other international markets. Alain Weill and Altice will be partners in a joint-company dedicated to investments in media companies which will benefit from the TV channels, radio, fixed and mobile digital media NextRadio TV operates in five news areas – general news, sport, economy, high-tech and discovery – which include BFMTV, the leading news channel and also the leading video news brand on the web in France, RMC Découverte, the first free documentaries-only channel in France, RMC, the leading French general radio station for the under 50s, and BFM Business, which is both a radio station and a TV channel, as France’s leading audiovisual financial news media. This partnership also constituted an important step in our media strategy, which is based on the convergence of our telecom assets with media channels, distribution, content development and production. We have also focused on providing premium content to our customers and in 2015 have acquired exclusive rights to premium sports content in several of our markets. In particular, we have entered into a new partnership with the English Premier League, the world’s most prominent football championship. This is another major step for Altice’s investment strategy to provide the best in class television content as part of highly enriched broadband packages to its customers across the world. We have acquired the exclusive football broadcasting rights for the English Premier League in France and Monaco, enabling our fixed and mobile customers in these regions to watch all of the 380 games among England’s top-tier teams live, anywhere, and on any device in 4K resolution. The contract runs for the next three seasons, starting in August 2016. Furthermore we also entered into a long- term partnership with one of Portugal’s leading football clubs, FC Porto. We have obtained the rights to broadcast “Porto Canal” (FC Porto’s own TV channel) from 1 January 2016 onwards for a period of twelve and a half seasons and also became FC Porto’s main sponsor with rights to place advertising on the team shirts for a period of seven and a half seasons. Moreover, from 1 July 2018, we will own TV broadcasting rights for games played by FC Porto in the Portuguese Premier League and be able to use advertising space in the Estádio do Dragão for a period of ten sports seasons. Also, in furtherance of our strategy to focus on sports, we announced an exceptional partnership with Cristiano Ronaldo, three time FIFA World Footballer of the Year and the current Captain of the Portuguese National team, for all of our brands and in all of our countries of operation. Moreover, we have launched a new video-on-demand subscription service “Zive” for SFR customers, with a unique catalogue of HD and 4K/UHD TV content in four categories: Kids, Series, Cinema and Fun, which has been sourced from the world’s major studios and production companies. Zive benefits from Altice’s 20 years of experience in sourcing media content and from the Group’s international footprint and ability to enter into agreements with the largest French and international production companies, extending its catalogue of media partners. We also introduced “Fibre Zive” de SFR, a next-gen set-top box with unique features, including near field communication (“NFC”) and Bluetooth, and innovative services such as “Restart”, “Picture in Picture”, and “Quick’Zap” to enjoy the best TV content and services from the comfort of one’s couch. Fiber investments in France and Portugal With Numericable-SFR and Portugal Telecom being strong players in the markets in which they each operate, we have made extensive plans to accelerate the pace of our fiber build-out in both France and Portugal which will actively contribute to the development and competitiveness of the two countries. This decision further reinforces Altice’s strategic focus on continuing to be the market leader in fiber infrastructure, technology innovation and customer experience. Launch of Altice Labs Altice recently launched “Altice Labs”, an initiative which aims at further streamlining the products and technologies created by the Group entities. We also aim to promote innovation and creativity by seeking partnerships with universities, corporate networks, and start-ups. Having integrated Portugal Telecom’s R&D unit, PT Inovação, with Altice Labs, we aim to open similar facilities in France, the United States, Israel and the Dominican Republic. The cross-border merger On 9 August 2015, we completed the cross-border merger of Altice N.V., as the acquiring company, and Altice S.A. Pursuant to the merger, shareholders of Altice S.A. received 3 Common A Shares with 1 voting right each and a nominal value of one eurocent, and 1 Common B Share with 25 voting rights each and a nominal value of 25 eurocents in Altice N.V., in exchange for each issued and outstanding share in the capital of Altice S.A.
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]
  • Download Europe Pop
    EUROPE LEGEND As built: March 2021. Maps are not to scale. Learn more about our network: teliacarrier.com Point of presence (PoP) Multiple PoPs Telia Carrier fiber Leased network OUR PoPs IN EUROPE Amsterdam Copenhagen Helsinki Milan Prague Tallinn Cessnalaan 50, Interxion 3000 Industriparken 20A, Interxion Iso-Roobertinkatu 21–25, Telia Via Caldera 21, Irideos Nad Elektrarnou 411, CECOLO Söle 14, Telia Johan Huizingalaan 759, Global Switch Horskaetten 3, Global Connect Kansakoulukuja 3, Telia 25 Viale Lombardia, Supernap Kuuse 4, Telia J.W Lucasweg 35, Iron Mountain Metrovej 1, Telia Kiviadankatu 2H, Nebula Via Monzoro 101–105, Data4 Riga 12 Koolhovenlaan, EdgeConnex Sydvestvej 100, Telia Parrukatu 2, Equinix Lielvardes Str. 8a, Telia Timisoara Kuiperbergweg 13, Equinix Sahamyllyntie 4b, Equinix Moscow Zakusalas krastmala 1, Riga TV Tower Calea Torontalului 94, Orange Luttenbergweg 4, Equinix Dresden Sinimäentie 12, Equinix Altufevskaya Shosse 33G, IXcellerate Schepenbergweg 42, Equinix Overbeckstr. 41a, Telia Valimotie 3–5, Telia Butlerova Str. 7, MMTS-9 JSC Rome Udomlya Science Park 120a, Digital Realty Oktyabrskaya Str. 1, Telia Via del Tizii, NAMEX CONSYST-Communication Provider Science Park 121, Interxion Dublin Kiev Viamotornaya Str. 69, DataPro Science Park 610, Equinix Kilcarbery Park, Equinix Gaydara Str. 50, New Telco Ukraine Rotterdam Valencia Science Park 105, NIKHEF Citywest Campus, Equinix Leontovicha Str. B. 9/3, Farlep-Invest Munich Van Nelleweg Rotterdam, 1, Smart DC Calle Villa de Madrid 44, Nixval Tupolevlaan 101, Interxion
    [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]
  • LES CHAÎNES TV by Dans Votre Offre Box Très Haut Débit Ou Box 4K De SFR
    LES CHAÎNES TV BY Dans votre offre box Très Haut Débit ou box 4K de SFR TNT NATIONALE INFORMATION MUSIQUE EN LANGUE FRANÇAISE NOTRE SÉLÉCTION POUR VOUS TÉLÉ-ACHAT SPORT INFORMATION INTERNATIONALE MULTIPLEX SPORT & ÉCONOMIQUE EN VF CINÉMA ADULTE SÉRIES ET DIVERTISSEMENT DÉCOUVERTE & STYLE DE VIE RÉGIONALES ET LOCALES SERVICE JEUNESSE INFORMATION INTERNATIONALE CHAÎNES GÉNÉRALISTES NOUVELLE GÉNÉRATION MONDE 0 Mosaïque 34 SFR Sport 3 73 TV Breizh 1 TF1 35 SFR Sport 4K 74 TV5 Monde 2 France 2 36 SFR Sport 5 89 Canal info 3 France 3 37 BFM Sport 95 BFM TV 4 Canal+ en clair 38 BFM Paris 96 BFM Sport 5 France 5 39 Discovery Channel 97 BFM Business 6 M6 40 Discovery Science 98 BFM Paris 7 Arte 42 Discovery ID 99 CNews 8 C8 43 My Cuisine 100 LCI 9 W9 46 BFM Business 101 Franceinfo: 10 TMC 47 Euronews 102 LCP-AN 11 NT1 48 France 24 103 LCP- AN 24/24 12 NRJ12 49 i24 News 104 Public Senat 24/24 13 LCP-AN 50 13ème RUE 105 La chaîne météo 14 France 4 51 Syfy 110 SFR Sport 1 15 BFM TV 52 E! Entertainment 111 SFR Sport 2 16 CNews 53 Discovery ID 112 SFR Sport 3 17 CStar 55 My Cuisine 113 SFR Sport 4K 18 Gulli 56 MTV 114 SFR Sport 5 19 France Ô 57 MCM 115 beIN SPORTS 1 20 HD1 58 AB 1 116 beIN SPORTS 2 21 La chaîne L’Équipe 59 Série Club 117 beIN SPORTS 3 22 6ter 60 Game One 118 Canal+ Sport 23 Numéro 23 61 Game One +1 119 Equidia Live 24 RMC Découverte 62 Vivolta 120 Equidia Life 25 Chérie 25 63 J-One 121 OM TV 26 LCI 64 BET 122 OL TV 27 Franceinfo: 66 Netflix 123 Girondins TV 31 Altice Studio 70 Paris Première 124 Motorsport TV 32 SFR Sport 1 71 Téva 125 AB Moteurs 33 SFR Sport 2 72 RTL 9 126 Golf Channel 127 La chaîne L’Équipe 190 Luxe TV 264 TRACE TOCA 129 BFM Sport 191 Fashion TV 265 TRACE TROPICAL 130 Trace Sport Stars 192 Men’s Up 266 TRACE GOSPEL 139 Barker SFR Play VOD illim.
    [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]
  • Annex 8 Compulsory Licensing of Premium Pay Tv
    ANNEX 8 COMPULSORY LICENSING OF PREMIUM PAY TV CHANNELS IN OTHER COUNTRIES 1. Introduction 1.1 Ofcom has sought to portray its proposals to compel Sky to license its premium pay TV channels to other operators as relatively uncontroversial on a number of grounds including that the proposals are a ‘normal’ form of regulation in other countries. For example, Ofcom has stated: “wholesale must-offer obligations have been imposed in a number of other countries, in response to similar concerns to those that we have set out”;1 and “This is not a revolutionary approach… this kind of wholesale must offer has existed in the States for years.”2 1.2 Ofcom’s views on this matter appear impressionistic, rather than being based on a thorough understanding of (a) the nature of compulsory licensing obligations in other countries; or (b) the reasons for those obligations.3 A proper understanding of such matters is required in order to rely on the existence of regulation in other countries as lending support to Ofcom’s own proposals to impose wide-ranging, deterministic and highly intrusive regulation on Sky. 1.3 In this Annex, Sky considers the compulsory licensing obligations that exist in relation to pay TV channels in the countries cited by Ofcom as relevant comparators, namely France, Italy, Spain and the United States.4 We show that the regulation that exists in those countries has little in common either in form or rationale with that which Ofcom proposes. In particular, in spite of the fact that obligations were introduced in France, Italy and Spain in order to remedy demonstrable reductions in competition arising from mergers between pay TV operators, Ofcom’s proposals go far beyond the remedies that were adopted in those countries.
    [Show full text]
  • Numericable / SFR 750 Undrawn RCF at Altice VII 100
    “The Future Begins Today” Creating the French Champion in Very High Speed Fixed – Mobile Convergence 7 April 2014 Disclaimer ■ This presentation contains statements about future events, projections, forecasts and expectations that are forward-looking statements. Any statement in this presentation that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risk and uncertainties include those discussed or identified in the Document de Base of Numericable Group filed with the Autorité des Marchés Financiers ("AMF") under number I.13-043 on September 18, 2013 and its Actualisation filed with the AMF under number D.13-0888-A01 on October 25, 2013. In addition, past performance of Numericable Group cannot be relied on as a guide to future performance. Numericable Group makes no representation on the accuracy and completeness of any of the forward-looking statements, and, except as may be required by applicable law, assumes no obligations to supplement, amend, update or revise any such statements or any opinion expressed to reflect actual results, changes in assumptions or in Numericable Group's expectations, or changes in factors affecting these statements. Accordingly, any reliance you place on such forward-looking statements will be at your sole risk. ■ This presentation does not contain or constitute an offer of Numericable Group's or Altice's shares for sale or an invitation or inducement to invest in Numericable Group's or Altice's shares in France, the United States of America or any other jurisdiction.
    [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]
  • Untangling the Web From
    Untangling the Web from DNS Michael Walfisha, Hari Balakrishnana, and Scott Shenkerb IRIS Project a{mwalfish, hari}@csail.mit.edu, MIT Computer Science and AI Laboratory (CSAIL), Cambridge, MA [email protected], International Computer Science Institute (ICSI), Berkeley, CA Abstract tably in the URN literature [2, 5, 9, 19, 28, 29], to move the Web away from host-based URLs. The Web relies on the Domain Name System (DNS) to Since the Web has imposed the burden of branding on resolve the hostname portion of URLs into IP addresses. DNS, and DNS has restricted the flexibility of the Web, This marriage-of-convenience enabled the Web’s mete- we believe that both systems would benefit if they were oric rise, but the resulting entanglement is now hinder- disentangled from each other. However, dissolving this ing both infrastructures—the Web is overly constrained mutually unhealthy union would require a new RRS for by the limitations of DNS, and DNS is unduly burdened the Web. What should such an RRS look like? There by the demands of the Web. There has been much com- has been extensive discussion about this topic, largely mentary on this sad state-of-affairs, but dissolving the ill- within the URN community but among many others as fated union between DNS and the Web requires a new well. While we don’t provide a comprehensive review way to resolve Web references. To this end, this paper de- of the commentary, the literature suggests the following scribes the design and implementation of Semantic Free two basic requirements for any such RRS (both of which Referencing (SFR), a reference resolution infrastructure DNS-based URLs do not satisfy): based on distributed hash tables (DHTs).
    [Show full text]
  • Mobile Terminating Numbers
    Country Dial Digits Cellular ID AFGHANISTAN AFGHAN WIRELESS 9370 CELLULAR AFGHANISTAN AFGHAN WIRELESS 9371 CELLULAR AFGHANISTAN ETISALAT 9378 CELLULAR AFGHANISTAN MTN 9376 CELLULAR AFGHANISTAN MTN 9377 CELLULAR AFGHANISTAN ROSHAN 9379 CELLULAR AFGHANISTAN ROSHAN 9372 CELLULAR AFGHANISTAN SALAAM 9374 CELLULAR ALBANIA AMC 35568 CELLULAR ALBANIA EAGLE 35567 CELLULAR ALBANIA PLUS 35566 CELLULAR ALBANIA VODAFONE 35569 CELLULAR ALGERIA ATM 2139619 CELLULAR ALGERIA ATM 2136 CELLULAR ALGERIA ORASCOM 21377 CELLULAR ALGERIA ORASCOM 21378 CELLULAR ALGERIA ORASCOM 21379 CELLULAR ALGERIA WATANIYA 2135 CELLULAR ANDORRA CELLULAR 3766 CELLULAR ANDORRA CELLULAR 3763 CELLULAR ANDORRA CELLULAR 3764 CELLULAR ANGOLA MOVICEL 24499 CELLULAR ANGOLA MOVICEL 24491 CELLULAR ANGOLA UNITEL 24492 CELLULAR ANGOLA UNITEL 24494 CELLULAR ANGOLA UNITEL 24493 CELLULAR ANGUILLA C & W 1264729 CELLULAR ANGUILLA C & W 1264476 CELLULAR ANGUILLA C & W 1264235 CELLULAR ANGUILLA C & W 1264469 CELLULAR ANGUILLA C & W 1264772 CELLULAR ANGUILLA MOB DIGICEL 1264584 CELLULAR ANGUILLA MOB DIGICEL 1264583 CELLULAR ANGUILLA MOB DIGICEL 1264582 CELLULAR ANGUILLA MOB DIGICEL 1264581 CELLULAR ARGENTINA CELLULAR 549 CELLULAR ARMENIA ARMENTEL 37443 CELLULAR ARMENIA ARMENTEL 37499 CELLULAR ARMENIA ARMENTEL 37491 CELLULAR ARMENIA ARMENTEL 37496 CELLULAR ARMENIA K-TELECOM 37493 CELLULAR ARMENIA K-TELECOM 37449 CELLULAR ARMENIA K-TELECOM 37477 CELLULAR ARMENIA K-TELECOM 37494 CELLULAR ARMENIA K-TELECOM 37498 CELLULAR ARMENIA MOB-NAGORNI KARABAKH 37497 CELLULAR ARMENIA ORANGE 37441 CELLULAR ARMENIA
    [Show full text]
  • Functions for the Market
    FUNCTIONS FOR THE MARKET INFORMATION PACK Fixed income investors are searching for new pools of liquidity against a backdrop of a global economy transformed by central bank intervention and greater regulation. Investors, traders and bond issuers can use Bloomberg solutions to better navigate these changing times, spot opportunities and make money. This document provides a glimpse of how Bloomberg functions can help you. FUNCTIONS FOR THE MARKET FIXED INCOME IN 2014 BY JOHN MORTON The spectacular collapse in spreads of subordinated financial THREATS TO BANKS AND MARKETS debt has been a rare blessing for a banking sector beset by The issuance of subordinated debt has become easier as the increasing levels of regulation and demands for extra capital to continued low yield environment drives investors towards ever back their activities. more risky assets. Last year’s banking problems in Cyprus gave an early indication of the environment that subordinated Since Mario Draghi’s ‘whatever it takes’ speech in July 2012, bond investors will face following a collapse of a bank. The investor appetite for fixed income, investment grade and high term ‘bail-in’ has become far more popular at Europe’s central yield, continues to grow with ever-narrowing spreads the banks and ministries of finance, but from the evidence of seemingly inevitable result. collapsing spreads it would appear that Europe’s investors have discounted any fears they may have had. The compression in spreads is even more marked when one takes a look at the Itraxx Europe Senior Financials. At about BANK SYSTEM EXPOSURE TO SOVEREIGN RISK 70 basis points, the five-year index is a long way from the 300 While there may be some concerns regarding how low ‘risky’ basis points highs of 2012.
    [Show full text]
  • European Pay TV Operator Forecasts: Table of Contents
    European Pay TV Operator Forecasts: Table of Contents Published in September 2012, this 140-page electronically-delivered report comes in two parts: A 110-page PDF giving a global executive summary, country/operator analysis and forecasts. An 30-page excel workbook giving comparison tables and country-by- country forecasts in detail for 95 operators across 25 territories from 2007 to 2017. Countries and operators covered: Country No of ops Operators Austria 3 Telekom Austria; UPC; Sky Belgium 4 Belgacom; Numericable; Telenet; VOO Croatia 2 Digi TV; Max TV/T-HT Czech 4 Digi TV; Telefonica; Skylink; UPC Denmark 6 Canal Digital; Viasat; You See; Stofa; Boxer; TDC Finland 6 Digita; Elisa; Teliasonera; DNA; Canal Digital; Viasat France 6 Orange; SFR; CanalSat; Numericable; Free; TNT Germany 5 KBW; KDG; DT; Sky; Unitymedia Greece 1 Nova Hungary 3 T-Home; Digi TV; UPC (cable & DTH) Ireland 2 UPC; Sky Italy 3 Mediaset; Sky; Telecom Italia Netherlands 5 UPC; Canal Digitaal; Tele 2; Ziggo; KPN/Digitenne Norway 5 Canal Digital; Viasat; Riks TV; Telenor; Get Poland 8 N; TNK; TP/Orange; Vectra; Multimedia Polska; Cyfra Polsat; Cyfra+; UPC Portugal 3 PT; Zon; Cabovisao Romania 3 Romtelecom; RCS-RDS/Digi TV; UPC Russia 7 NTV Plus; Tricolor; Akado; MTS; ER Telecom; Rostelecom; Beeline Serbia 1 SBB Slovakia 4 UPC; RCS-RDS; Skylink; Slovak Telekom Spain 3 Ono; Canal Plus; Telefonica Sweden 5 Canal Digital; Viasat; Com Hem; Telia; Boxer Switzerland 2 Swisscom; UPC/Cablecom Ukraine 1 Volia UK 3 Sky; Virgin; BT Forecasts (2007-2017) contain the following detail for each country: By country: TV households Digital cable subs Analog cable subs Pay IPTV subscribers Pay digital DTH subs Pay DTT homes By operator (and by platform by operator): Subscribers Subscription & VOD revenues ARPU Liberty Global and BSkyB to continue European pay TV dominance Pay TV subscriptions for the 95 operators across 25 countries covered in a new report from Digital TV Research will increase from a collective 96.2 million in 2007 to 140.9 million by 2017.
    [Show full text]