Tag Archive: Forthnet

27.4% more subscribers for Nova-Forthnet

Greece’s Nova ended 2014 with a record 363,549 triple play subscribers, or 27.4% more than a year earlier.

Meanwhile, its pay-TV subscriber base grew by 12.1% year-on-year to reach a record 507,261.
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Forthnet Selects Irdeto to Secure DTH Offering

Irdeto and Nova, the satellite pay TV platform of Forthnet, today announced they have worked together on the transition to a fully-secured direct-to-home (DTH) base.

Forthnet recently upgraded its headend system to MPEG-4 and its modulation scheme to DVBS2. In parallel, Forthnet swapped all legacy set-top boxes (STBs) with new ones which were capable of supporting DVBS2 and HD MPEG-4. For this project, Forthnet relied on Irdeto Media Protection to secure its DTH offering, and on Irdeto’s Revenue Assurance services to protect its future revenue and expansion plans. As a result of this proactive step to protect its offering, all control word distribution piracy has stopped and Forthnet now has a 100% secure base for its premium content.

“In recent years we have seen a surge in popularity of pay TV in Greece and it is our imperative to offer the best entertainment solutions to our current and future customers,” said Constantinos Moraitis, Technical Director at Forthnet Media Holdings. “Our collaborative team work with Irdeto demonstrates that the right anti-piracy strategy can create a successful new revenue-generating business model.”

Irdeto’s Secure Chipset Solution is now implemented across Forthnet`s new Hybrid Platform, which supports a variety of satellite- and internet-based services to STBs in the region. The solution prevents control word redistribution and device software tampering. With this in place, Forthnet is primed to offer its high-value services securely and to put its customers’ needs first by investing more in content and marketing. To protect revenue generated by high-value content and services, Irdeto’s Security Lifecycle Services provides proactive, flexible and responsive protection against evolving threats. Irdeto enables Forthnet to manage risks at a predictable cost with a bundled service package that includes site security certification, ongoing threat monitoring, security updates and client protection.

“By taking this decisive action to protect revenues and customers both now and in future, Forthnet is now at the forefront of the region’s pay TV market and is poised to continue to increase its market share as it develops its offering,” said Richard Scott, SVP of Sales and Marketing Irdeto.

Constantinos Moraitis finished: “We have been partnering with Irdeto for a number of years – they understand the needs of our business and through a close working relationship they have been able to provide a service which suitably maps to our company. Irdeto is the trusted security partner for Forthnet`s continued development as the company expands into new technologies and markets.”

Irdeto`s Secure Chipset Solution is a core element of Irdeto Media Protection, a suite of Conditional Access solutions, which provides pay-TV operators the most stringent content security, allowing them to focus on a smooth end-user experience while providing premium content. Irdeto’s Security Lifecycle Services, a key part of Irdeto Revenue Assurance, provides complete, ongoing protection against piracy threats for operators’ deployments, content and revenue.

via @videomageu

OTE lodges Nova bid

OTE has submitted a non-binding offer to Forthnet for the acquisition of its Nova pay-TV operations. The Greek incumbent says it is in the range of €250-300 million on a debt free/cash free basis and that in the event an agreement is reached will be subject to clearance from the competent authorities.

It adds that Barclays is acting as its financial advisor.

Explaining why it has made the bid, OTE says that it “has been developing its pay TV operations successfully during the past few years and sees significant growth potential for Greek pay TV services, to the benefit of consumers. OTE believes the intended agreement will be beneficial to all involved parties and is consistent with OTE Group’s strategic priorities”.

Analysing the offer, Ekathimerini says that it raises Nova’s buyout price as it is seen to include a premium 25% on the current valuation level.

Given that Wind Hellas submitted a €200 million offer for Forthnet’s telecom activities a year ago, the total package of the listed company adds up to €500 million.

However, it will fall short of the original investment of the main shareholder Emirates International Telecommunications, which spent around €250 million on building up its 44% stake in Forthnet.

OTE may nevertheless face a struggle to acquire Forthnet, as its competitors Vodafone and Wind Hellas hold 40% of the company between them and would like to eventually control the company outright.

They believe the main value of the company is in the pay-TV platform.

OTE already has a presence in the Greek TV market through an IPTV service named OTE TV.

It also backs the Romanian incumbent Romtelecom, which is a key player in that country’s TV industry.

Source: broadbandtvnews.com