Eutelsat to sell off KabelKiosk VOD platform to M7A
| 20 May 2014
Consolidating its service offerings, leading satellite operator Eutelsat is to sell its KabelKiosk German on-demand video platform to the M7A Group.
The KabelKiosk digital channels and interactive services, which have been taken up by a number of cable and IPTV networks in Germany and M7A, is regarded by Eutelsat as being well positioned to ensure the platform's continuing development, including the launch of its new IPTV and OTT video delivery platforms.
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."
The deal 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, the brand under which the M7A Group trades, will also establish a strategic partnership for connected TV, combining broadcast and on-demand video services.
"The acquisition of KabelKiosk is an excellent opportunity for us to enter into the German market for TV platform operators," added M7 Deutschland managing director Kees Färber. "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."