M7 Deutschland to acquire KabelKiosk
platform from Eutelsat
20 May 2014
Eutelsat Communications announced
the sale to M7A Group S.A., trading under the name of M7
Deutschland, of Eutelsat visAvision GmbH., that operates the
KabelKiosk platform of digital channels and interactive
services for cable and IPTV networks in Germany.
M7A Group is an affiliate of M7
Group, one of the fastest growing operators of TV platforms
in Europe and particularly well positioned to ensure
KabelKiosk’s continuing development, including the launch of
its new IPTV and OTT video delivery platforms.
The transaction includes a
long-term agreement for the lease of multiple transponders
at Eutelsat’s 9° East orbital position. Eutelsat will also
continue to provide uplink services for the KabelKiosk
platform from its teleports in Italy and France. Eutelsat
and M7 Deutschland have moreover agreed they will establish
a strategic partnership for connected TV, combining
broadcast and on-demand video services.
Michel de Rosen, Chairman and CEO
of Eutelsat, commented: “Having built a strong video
distribution platform in Germany it is now time for a new
shareholder to drive KabelKiosk forward as it embarks on a
new chapter of expansion. Following the recent launch by M7
of its new Hungarian pay-TV venture from our 9° East video
neighbourhood, the transaction announced today strengthens
our relationship with the M7 group of companies. I take this
opportunity, on behalf of all at Eutelsat, to express our
appreciation to the KabelKiosk team, led by Martina
Rutenbeck and Alessandro Lanfranconi, for the energy and
dedication they have applied to building a vibrant business
that is well positioned to move ahead with its next phase of
growth.”
Kees Färber, Managing Director of
M7 Deutschland, added: “The acquisition of KabelKiosk is an
excellent opportunity for us to enter into the German market
for TV platform operators. We are confident that KabelKiosk
will further grow its existing cable business, as well as
achieve additional growth through the exciting new
opportunities provided by the new IPTV and OTT delivery
platforms.”
Martina Rutenbeck, Managing
Director of KabelKiosk, said: “By leveraging M7’s
significant expertise in platform operations, we are well
positioned to continue to expand our cable activity and, at
the same time, to accelerate our diversification into
IPTV/OTT service provision.”
KabelKiosk generated approximately €25 million of
revenues in Eutelsat’s 2012-2013 financial year. The terms
of the sale agreement remain confidential. Subject to
regulatory approvals and other customary conditions the
transaction is expected to close in July.
