Also today, satellite broadband's mixed impact on IoT, SVoD markets' surge, SVoD startup MX to get $100 million infusion and Vodafone Italy extends deal with City Fiber.
To help fund his company's fiber deployment to 15 million UK homes by the mid-2020s, BT Chairman Jan du Plessis cautioned investors it will "consider reducing the dividend," Light Reading reported, citing the paywalled Financial Times. Other possibilities include cutting costs and borrowing more money, du Plessis said during the British incumbent's annual meeting. (See BT Openreach to Ramp Up Fiber Rollout.)
By 2024, satellite broadband will connect more than 24 million IoT devices worldwide, according to ABI Research. That's only a small percentage of the connected devices out there, though: This year, there will be more than 8.3 billion such devices globally and in five years the market will reach 21.5 billion such units, estimated IoT Analytics Research.
Many regions' SVoD services saw increased subscriber growth after plateauing at around 70% between Q3 2016 and Q1 2018, according to Ampere Analysis. With 86% of the population subscribing to at least one SVoD service, Saudi Arabia leads the world, followed by the US at 80% penetration, wrote Hollywood Reporter. Other than the Netherlands, European populations increased SVoD subscriptions; at more than 70%, Nordic territories and the UK led the continent, the new report said.
In other SVoD news, Indian streaming service MX is getting $100 million in funding from China's Tencent (developer of social media network WeChat) and India's Paytm (which offers a leading mobile payment service in India). This marks Tencent's second stride into the international video streaming market, which it entered last month with an SVoD offering in Thailand, wrote IBC365 (an organization for the technology, media and entertainment industry). More details on funding and what startup MX will use it for were unavailable, IBC365 said.
Vodafone Italy extended its wholesale contract with Open Fiber to more than 7,600 locations from today's 271 municipalities. This includes unserved and underserved areas; eventually, Open Fiber expects to cover about 19 million households in rural and urban areas with speeds of up to 1 Gbit/s.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
Learn how and why service providers are using virtualization to transform their networks. This webinar will look at how providers are leveraging virtualization to create more flexible and agile networks while also providing a better customer experience. Expert speakers from netElastic and Heavy Reading will address the industry drivers for network virtualization, the benefits that can be realized, the challenges to face and the results of virtualization being achieved by providers today.
Key topics will include:
Current network infrastructure and the move to virtualization
Benefits and challenges of network virtualization
How providers can get started
Service provider success stories: the decision to virtualize, the solution, and results