Telecom Italia SpA, the country’s largest phone company, is teaming with Rupert Murdoch’s Sky Italia SpA for an Internet-television service to attract broadband subscriptions, giving consumers an alternative to satellite TV.
Wasu Media Holding Co. surged by its daily limit after agreeing to sell a 20 percent stake to Alibaba Group Holding Ltd. Chairman Jack Ma and fellow billionaire Shi Yuzhu for 6.54 billion yuan ($1.1 billion).
Vodafone Group Plc, which agreed to buy Kabel Deutschland Holding AG in a 7.7 billion-euro ($10 billion) deal to expand its German fixed-line business, has secured television content from Sky Deutschland AG.
Siemens AG plans to enter the Internet-television market in India in cooperation with Zee TV and may add more countries later, Handelsblatt reported, citing Stefan Jenzowsky, head of multimedia at Siemens’s CMT unit.
Netflix Inc., the world’s largest subscription streaming service, will report after markets close today that its U.S. Web subscribers rose to 33.1 million in the fourth quarter, according to a survey of analysts.