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OTT Video News, Deals, Launches and Products

Following weeks of speculation, Liberty Global has agreed to sell its Swiss cable operation to local operator Sunrise in a $6.3 billion deal including debt. Liberty Global says the sale completes the rebalancing project, which has also involved the sale of European assets to Vodafone. Liberty Global’s latest results are also out, showing video subscriber losses of 74,900 in total last quarter, spearheaded by Telenet in Belgium which saw 54,400 video subscribers losses. Revenues were up slightly by 1.2% in Q4 to $2.95 billion, to total $11.96 billion for the year, up 2.2%. Operating income increased 73.2% to $252 million, making it $839 million for the year. UK broadcasters the BBC and ITV have finally confirmed the two are teaming…

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