TV technology provider Kudelski Group has turned in a strong first-half performance despite the adverse impact of the strength of the Swiss franc relative to other currencies.
Kudelski reported first half revenues of CHF425 million (€395 million), up 10.4% in constant currency terms, driven by a strong performance in its non-TV-related public access segment, but also by a strong underlying growth in its core digital TV business. The latter grew by 6.8% in constant currency terms, despite the first half of the prior years including a boost from one-time licensing revenues from a Cisco patent licensing agreement. The digital TV business turned in CHF324.4 million in revenues, with operating income for the segment up 17.9% to CHF52.6 million.
Digital TV deals during the first half included a framework agreement with Altice Group.
Overall Kudelski posted operating income of CHF30.4 million, up 9.7%.
.@SkyUK complains to Serie A over @dazngroup bid, raises concerns over TIM deal digitaltveurope.com/2021/02/26/sky… https://t.co/C8AZ1hAe3G
26 February 2021 @ 15:00:00 UTC
.@ATT takes huge DirectTV hit as it spins-off video businesses digitaltveurope.com/2021/02/26/att… https://t.co/Te1bB1EltC
26 February 2021 @ 14:03:00 UTC
Sprint merger drives Deutsche Telekom beyond €100 billion in 2020 revenues digitaltveurope.com/2021/02/26/spr… https://t.co/sr3i7QTfiC
26 February 2021 @ 13:03:31 UTC
Wall Street mixed on @paramountplus digitaltveurope.com/2021/02/26/wal… https://t.co/cauTwxR2Gt
26 February 2021 @ 12:09:24 UTC
ICYMI: O2 says it has ‘addressed concerns’ over Virgin Media merger in record quarter for Telefónica… twitter.com/i/web/status/1…
25 February 2021 @ 21:00:00 UTC
