Fifty breakthrough UK businesses and projects harnessing creativity and technology are featured in a report published at the Createch 2019 conference, part of London Technology Week. The Ones to Watch report was launched at the annual Createch event, hosted by the Creative Industries Council (CIC) to bring together industry leaders, international delegations and attendees from […]
There must have been something in the air for two satellite giants to tap the bond markets for extra funding on the same day, June 6th. Intelsat raised a total of $400 million (priced at 9.75 per cent, and due for repayment in 2025) which was $100 million more than they had announced earlier. Intelsat […]
US pay-radio operator SiriusXM initially planned to raise $1 billion of fresh borrowing but such was the positive market response that it increased the amount to $1.25 billion (in the form of Senior Notes due 2029) and priced at 5.5 per cent. The company says it will use the borrowing to repay a portion of […]
Vivendi, late on June 4th, wrapped up the issue of a massive €2.1 billion bond in tranches to mature in 3, 6 and 9.5 years. A report to clients from Deutsche Bank summarises the background behind the move, saying: “The stated rationale was to finance the €1.1 billion M7 acquisition and to refinance an existing […]
FloSports, a specialist in live digital sports and original content, has announced the close of its Series C funding round with $47 million (€41.6m) raised to expand and enhance coverage in new and existing sports. Led by current investor Discovery, the round also included participation from existing FloSports financial investors Causeway Media Partners, Fertitta Capital, […]
EasyBroadcast, a provider of end-to-end streaming solutions for TV channels, OTT service providers, and enterprises, has invested in WAW Music, the next-generation digital music service set to launch in Africa. WAW Music’s new streaming platform, WAW MUZIK, has already signed 10 million songs with Universal Music and will have Orange as its leading distributor. Partnering […]
Avanti Communications confirmed May 28th it had secured an extra $55 million of borrowings. Avanti says it will publish its audited financials will be published around June 7th. Avanti says the extra funding is in the form of a two-year lien (“the 1.5 Facility”) at a “payment in Kind” interest rate equal to 12.5 per […]
The UK says it wants to win 10 per cent of the global Space market activity by 2030, and that launch facilities will be key to achieving that goal. Future spaceports can apply for a share of a £2 million fund to support plans for small satellite launch from aircraft and sub-orbital flight from the […]
The starting gun has been fired on a programme to roll out gigabit-capable full fibre broadband to the most rural and remote locations in the UK, Digital Secretary Jeremy Wright has announced. In the summer of 2018, the UK Government identified that approximately 10 per cent of UK premises, largely in rural and remote areas, […]
Avanti Communications says it has received approvals (“Consents”) from 94.94 per cent of existing bond and debt-holders to seek fresh borrowing. Avanti is talking of borrowing an extra $75 million. The permissions mean that Avanti can proceed with its plan to raise further debt in the form of ‘Super Senior debt’ and that such debt […]