Private equity groups Cinven and Warburg Pincus ar

first_imgPrivate equity groups Cinven and Warburg Pincus are planning their exit from the Netherlands’ largest cable operator Ziggo with a fresh offering of 27 million shares via an ‘accelerated bookbuild’ offering, and a potential upsizing to sell a further 7.2 million shares that would see the investors sell their entire holding in the cable operator.Currently, Cinven, Warburg Pincus and their co-investors hold approximately 34 million shares in the company, representing about 17% of Ziggo’s ordinary share capital.Liberty Global, owner of second largest Dutch cabler UPC Netherlands, recently acquired a 12.65% stake in Ziggo from Barclays Capital Securities after the latter saw itself temporarily become a shareholder in the operator.Barclays had underwritten an offering of 40 million shares by Cinven and Warburg Pincus, the equivalent of a 20% stake, but failed to find enough buyers.last_img read more

Netflix will pass the 100 million subscriber mark

Netflix will pass the 100 million subscriber mark in 2018, with the UK due to be the SVoD service’s number one European market that year with 7.1 million subscribers, according to IHS.The research firm predicts that between now and 2019, Netflix subscriptions will grow by 22%, with 10 million new subscribers to be added in the US, 10 million in Western Europe and the rest coming from its other international markets.“International subscribers are key for Netflix. As Netflix invests more in international content, we expect to see huge growth in Western Europe over the next three years, with 10 million new subscribers to be added to its already burgeoning international base,” said Ted Hall, research director at IHS Technology.“Excluding spend on sports, in 2013 and 2014, Netflix outspent almost everyone on original and acquired content. In 2014, Netflix’s content spend was about double that of ITV and Amazon,” added Hall.In its third quarter earnings announcement, Netflix said that its global membership figure grew by 3.62 million to 69.17 million members and that it expects to end the year with 74 million members.In the US it had 43.18 million streaming subscribers in Q3 and internationally it had 25.99 members – though Netflix does not break down figures by international market.“The traditional linear channel will be around for a long time to come, but it will become increasingly marginalised by a plethora of online services, from catch-up TV to TV Everywhere, pay TV channels’ streaming offerings and YouTube multi-channel networks,” said Hall. read more

If you dont use it it must return to farmland – PA

first_img <a href=’;cb={random}’ target=’_blank’><img src=’;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a> If fuel station owners don’t use their new allocated land within three years, the space will need to be reinstated for agriculture, the Planning Authority’s new fuel stations policy states.Demolishing the site and changing its use will be done at the owner’s expense.This guideline is one of the PA’s proposals forming part of a new policy framework on the re-location and building of new fuel stations.The document, which is set for public consultation, outlines that the re-located fuel stations can be placed in designated areas including industrial zones or small to medium sized enterprise locations.  This excludes residential or Urban Conservation Areas.Regarding building in ODZ areas, PA says that it would ‘consider areas within ODZ which already have a permitted/legally commitment on site and which are not related to agriculture and/or animal husbandry.’ It stresses that this must not go beyond the agreed footprint of 1000m2.For those that already exist within or close to ODZ land, would not be eligible for being relocated or their change of use granted, PA states.Publish nowThe launch of the public consultation comes only weeks after a protest by Moviment Graffitti, urging the authorities to publish its full station policy.The NGO said at the time that it been almost two years since the PA recognized but did not publish an updated Fuel Service Policy which would prevent ODZ land being used to build Fuel stations.Following a siege outside the Planning Authority building in Floriana, Transport Minister Ian Borg announced that the new policy would be up for public scrutiny by the end of April.Read more:Watch: Minister says fuel stations policy will be up and running by AprilThe PA is besieging Malta with massive and useless fuel stations – GraffittiMore PA inaction will lead to more direct action – GraffittiWhatsApp SharePrintlast_img read more