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OTT Video News, Deals, Launches and Products

Sunrise’s $6.3 billion acquisition of UPC’s Swiss cable business has derailed spectacularly, a week after Liberty Global fronted a $500 million share purchase deal to sweeten a rights issue. Quarter-shareholder Freenet would not budge from its stance that the UPC price tag was overinflated, despite CEO Mike Fries claiming Europe has enjoyed some €100 billion worth of fixed-mobile transactions in recent years. Swisscom will breathe a sigh of relief, although Sunrise CEO Olaf Swantee told the FT that the deal could come back to life. British telco Vodafone has denied reports that it engaged in talks with Spanish telco MasMovil about selling the Vodafone Spain business for a reported €6 billion ($6.7 billion), as first reported by local news outlet…

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