Friday, April 03, 2020

Coronavirus T.I.M. News Hub - week 14 - UPDATED

Network traffic
Network build-outs (5G and FTTH)
Telecom retail stores
Telecom support programs
Media events (B2B and B2C)
Media staff and salary cuts, profit warnings
Media support programs
Macro and politics

Thursday, March 26, 2020

Coronavirus T.I.M. News Hub - week 13 - UPDATED

Telecoms traffic
Telecoms metadata

Telecoms other

Media events

Media streaming impact
Media impact

Media funds


Monday, March 16, 2020

RTL Group: 2019 results, targets 2020 and 2025, update to strategy

  • streaming subs (Videoland + NOW) 1.44m (paying subs: Videoland +29% yoy, Now +45% yoy)
  • established Format Creation Group (FC Group): develops non-scripted formats for RTL broadcasters & their streaming services, focus on entertainment formats, reality & game shows
  • acquires 50% of M6 tech unit Bedrock (used by M6 Replay & Salto, also RTL BE, RTL HU, RTL Croatia), 3rd-parties may buy into Bedrock
  • streaming rev EUR 135m
Outlook 2020 (incl early assesment of corona virus outbreak)
  • rev growth 2-3% to EUR 6784-6851m (TV ad rev slightly down, Fremantle growth 4-6%)
  • adj EBITA stable = EUR 1156m (excl additional streaming startup losses) or down 7% = EUR 1075m (incl such losses at max)
  • content spend Videoland & TV Now EUR 350m (2019: 85m)
Targets 2025
  • streaming subs 5-7m
  • streaming rev >EUR 500m
  • content spend per annum EUR 350m
  • EBITDA break-even by 2025
  • to increase reach & improve monetisation
  • 3 pillars
    • Strengthen core (families of channels, digital channels)
      • consolidate footprint incl through acquisitions
      • increase non-ad rev from platform operators
      • invest in content & sports rights
      • increase oper efficiency
      • started to review strategic options for BroadbandTV and SpotX
      • cost reductions
    • Expand growth businesses (streaming, production, technology)
      • build national streaming champions (standalone or via partnerships) to complement Netflix, Amazon Prime Video, Disney+
      • hybrid business model: SVOD, AVOD, 3-rd party & originals
      • diversify Fremantle portfolio, increase scale, focus on drama
      • create open ad-tech platform based on Smartclip
    • Foster alliances in European media
      • RTL AdConnect partnered with ITV, RAI, Medialaan
      • Ad Alliance (Germany) partnered with Media Impact (Axel Springer and Funke Mediengruppe)
      • Dutch Ad Alliance integrated sales activities of RTL NL, BrandDeli, Adfactor, Triade Media)
      • Bertelsmann Content Alliance in DE

Wednesday, January 29, 2020

KPN 19Q4: overview of details

The KPN share is down 6% on disappointing revenues, partly due to phasing and increased FTTH investment. Also, somewhat lower EBITDA outlook for 2020.

The results details (except the financial and operationals of the factsheets):


  • Divestments impact -EUR 2m on rev, -EUR 6m on EBITDA AL.
  • Cost savings +EUR 38m to EUR 141m of 2019-2021 program of EUR 350m from simplification and digitalisation (IT stacks from 20 to 2, core networks from 5 to 1).
  • FTTH HP additions 120k in 2019, roll-out currently in 70 areas, technology choice G-PON & XGS-PON.
  • FTTH HA net additions 19Q4: 14k
  • VDSL-FTTC roll-out (nearly completed) 2019: +1500 cabinets, +390k HP.
  • FTTH vs FTTC in 2019: NPS +2, ARPU +EUR 6, convergence +6 pp, churn -40%.
  • Mobile site modernisation (Massive MIMO, 5G-ready): 640 in 19Q4 (increases speed 30%, enables 3G switch-off).
  • All-IP migration on track, 175k lines to go (enables SDH/TDM switch-off);
  • Business portfolio (1): KPN Small Business for SoHo market, KPN EEN for SME market, KPN Smart Combinations and KPN Smart Integration for LE/Corporate market.
  • Business portfolio (2): 1. Access and connectivity, 2. Cloud and workspace, 3. Security and business continuity.
  • Integrated IT-activities of RoutIT, Divider, Startready, InSpark.
  • 2020: adjusted EBITDA AL stable to slightly up, capex EUR 1.1b, FCF growth >= MSD, DPS 13.0c.
  • 2019-2021 maintained: adjusted EBITDA organic growth, capex stable EUR 1.1b per yr, FCF CAGR MSD, progressive DPS; capex mix shift from 35 to 50% for access, mobile network 5G-ready by YE 2021, add 300k converged HH, increase SIMs/HH 10%, converged postpaid base 70%, cost reduction to serve KPN EEN 25%, cost reduction IT 75%.

Monday, January 20, 2020

Comcast / NBCUniversal Investor Day for Peacock: all specs on launch dates, business model, tiers and content

Investor Day for Peacock

Launch dates
  • 200415 for Comcast Xfinity X1 (video) & Flex (BB-only) subs
  • 200715 generally in the US
  • International launch later
Business model
  • Focus on ads, ad load 5 min/hr
  • Focus on HH (all genres)
  • Tiers
    • Peacock Free: limited programming, 7500 hr; with ads
      • free for all
    • Peacock Premium With Ads: complete programming 15k hr incl. live sports and early access to late-night shows; with limited ads
      • free for Comcast and Cox subs (24m)
      • 5 $/mo for non-subs
    • Peacock Premium: incl. non-televised Premier League soccer games; ad-free
      • 5 $/mo for Comcast and Cox subs
      • 10 $/mo for non-subs
  • With originals (series and films)
  • Live sports
  • Platform based on Sky tech
  • 30-35m subs YE 2024
  • Cumulative EBITDA investment 2020-'21 $2b
  • Outlook 2024: 30-35m active subs, ARPU $6-7, revenue $2.5b, adjusted EBITDA break-even

Friday, December 06, 2019

AWS re:Invent: main innovations and partnerships

AWS re:Invent (191202-06): see

Apart from a number of compute and storage innovations, orders, new renewable energy projects and new fulfillment centers, here are the main novelties.

  • Amazon Translate adds 22 languages (total 54; 2804 pairs)
  • Amazon Transcribe Medical, ML-based: allows physicians to dictate clinical notes and speech into accurate text in real time
  • AWS DeepComposer: AI music composer
  • Amazon Braket: quantum computing services
  • AWS Wavelength: to build applications that serve end-users with single-digit millisecond latencies over 5G
  • AWS Outposts: managed & configurable compute and storage racks (and databases, analytics, ML) built with AWS-designed hardware that allow customers to run compute and storage on-premise (in hybrid cloud), brings native AWS services, infrastructure and operating models to virtually any datacenter, co-location space or on-premises facility
  • AWS Local Zone in LA for single-digit latency; first customers: Netflix, FuseFX, Luma Pictures
  • With Formula One Group (Formula 1) for Computational Fluid Dynamics (CFD) project to simulate the aerodynamics of cars while racing, for 2021 car design.
  • With Fox to enable a new cloud-based media production and delivery platform, a single platform will be used to deliver both traditional broadcast and D2C streaming services.
  • With Verizon, Vodafone Business, SKT, KDDI: to use AWS Wavelength for 5G edge computing.
  • With Novartis on digital transformation: reimagine core pharmaceutical manufacturing, supply chain and delivery operations, create Insight Centers that provide real-time visibility across its network of manufacturing operations & distribution centers.
  • With Slalom to build joint AWS | Slalom Launch Centers (Launch Centers): help customers migrate to cloud & modernize IT; first 3 centers in Seattle, Chicago, Atlanta.
  • With National Football League (NFL) to advance player health and safety using cloud and AI.

Thursday, October 31, 2019

HBO Max: all the specs

Launch date:
  • May 2020
  • focus on 3 areas
    • kids/family
    • millennials/Gen-Z
    • adults (focus on women)
  • new series rolled out one episode at a time
  • total 10k hr at launch o/w 1800 films, incl
    • originals (31 series in 2020, 50 in 2021)
    • library content from Warner Bros, New Line, DC, CNN, TNT, TBS, truTV, Turner Classic Movies, Cartoon Network, Adult Swim, Crunchyroll, Rooster Teeth, Looney Tunes etc
    • 3rd-party licensed content
  • to add live special events
  • 15 $/mo
  • free for 10m existing AT&T HBO subs & HBO Now direct-billed subs
  • plans new bundles with free HBO Max for premium video, mobile, BB subs (total 170m D2C relationships, 5500 retail stores)
  • to add AVOD tier within 1 yr (with added content)
  • personalised profiles & homepages
  • curated recommendations
  • co-viewing (shared homepages separate from personal homepages)
  • parental PINs
  • downloads for offline viewing
  • 75-90m subs in Americas & Europe YE 2025 o/w 50m in US
  • incremental investment $1.5-2.0b in 2020 (for new content, foregone licensing revenue of own content, operating expense for the technology platform, marketing)

Monday, May 13, 2019

Google I/O 2019: highlights

  • Focus on privacy.
  • Launches AI Impact Challenge ($25M)
  • Demos Project Euphonia (understand the speech-impaired)
  • Improves Google Assistant (10x faster, to be added to Waze)
  • Expands Duplex to web (assistant for making restaurant or hairdresser reservations)
  • Improves Lens & adds to Google Maps
  • Passes 2.5b active devices
  • Launches Android Q (beta #3; incl Project Mainline: deliver important code changes to specific internal OS components directly from Google Play)
  • Plans parental controls
  • Adds Live Caption for real-time subtitles
  • Works with Qualcomm on API improvement for 5G

Android TV
  • Enables one-click subscribing
  • Reaches 140 pay-TV operator integrations, 60% of smart TV manufacturers uses Android TV, total 1k content providers & 5k apps.
  • Launches Pixel 3a (5.6 inch, $400) & 3a XL (6 inch, $480), Nest Hub Max (10 inch screen, video camera, $230)
  • Considers foldable device
  • Rebrands Home Hub to Nest Hub (drops price to $130, expands to 12 more countries)
  • To add AR to Google Maps (for Pixel users)
  • Google Search results in 3D AR
  • Adds incognito mode to Google Maps
  • To add podcasts

Thursday, May 02, 2019

Spectrum holdings and caps in the Netherlands

Spectrum holdings in the Netherlands, with caps for future auctions in 2020 (700, 1400, 2100) and 2022 (3500).

AvailableCapCurrent holdingsMaximum biddable