Media and entertainment technologist Technicolor has confirmed that, on the basis of information received, all resolutions required to implement the financial restructuring plan have been approved, with a very large majority, for the shareholders’ general meeting to be held today, July 20th. As planned, the first part of the new financing was concluded on July […]
SpotX, the global video advertising platform, has announced a strategic investment in SpringServe, the ad serving platform for OTT and connected TV (CTV). Under the terms of the agreement, both companies will work together to provide joint customers with advanced video advertising capabilities, while seamlessly connecting platform customers to the advertiser ecosystem. SpringServe offers ad […]
Alok Sharma, the UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS), and the man about to be responsible for running the UK’s arm of OneWeb, told a House of Commons all-party BEIS scrutiny committee that utilising OneWeb as a replacement for Europe’s Galileo GPS system was not key to the acquisition. However, […]
The Independent Networks Cooperative Association (INCA), has welcomed the Government’s plans to increase investment in workplace training and apprenticeships, as part of its plan to avoid a rise in youth unemployment and to address the growing skills shortage in the sector. However, the organisation warned that this may not be enough for the telecoms sector […]
The British government is spending an initial $500 million (€444.9m),to take a reported 45 per cent stake in the consortium which includes Indian giant telco Bharti Global (paying a similar sum for a 45 per cent holding) to acquire bankrupt satellite constellation OneWeb Global Ltd. The UK has confirmed it will receive a “significant equity […]
Seemingly the UK and India were the solitary joint bidder for OneWeb’s assets. The UK government, in a statement on July 3rd, said it would provide $500 million (€444.9m), as would Indian telco Bharti Global, in the bid for OneWeb’s assets. Business Secretary Alok Sharma said it would help deliver the “first UK sovereign space […]
Music streaming service Deezer and Spanish-language television programmer TV Azteca say they are shaking up audio streaming in Mexico with an alliance to bring Mexicans all the music and podcasts they love. The exclusive partnership will accelerate Deezer’s growth in Mexico as TV Azteca and companies of Grupo Salinas promote Deezer across their businesses and […]
The UK government is widely reported to have joined a consortium that is bidding for bankrupt OneWeb’s satellite system. The UK reportedly put £500 million (or possibly $500 million) into the consortium for a bid on June 26th. The UK’s interest in OneWeb is for a potential alternate space system to the EU’s Galileo GPS […]
Charlie Ergen’s move into cellular telephony is proving to be costly. A $1 billion debt offering of Senior Notes by Dish Network has been priced at 7.35 per cent. The debt is due for repayment by 2028. As a comparison last week SES offered a €400 million Eurobond, also due for repayment in 2028, and […]
June 26th is ‘Bidding Day’ for OneWeb’s assets. Would-be buyers have to enter their bids for OneWeb, which is in bankruptcy. If no – or inadequate – bids are entered, then the process goes forward to an auction of assets on July 2nd. The UK government is widely reported to have joined a consortium bidding […]