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 […]
MainStreaming, a technology provider enabling broadcasters, media and enterprise companies to deliver online streaming, has secured $6 million in a new round of funding, bringing its total raised to over $10 million. This round was led by Indaco Venture Partners SGR, together with Sony Innovation Fund and existing investor, United Ventures. MainStreaming will use the […]
The BBC’s 5G broadcast radio trial in Stronsay, Orkney, has been extended until the end of September 2019. The trial began in February with residents in Stronsay becoming some of the first people in the world to receive live radio broadcasts over 5G mobile networks. The trial has proven extremely popular with participants, with initial […]
London-based Avanti Communications is looking at various options in order to rise money. The end result will be additional capital in the form of fresh senior debt which it calls The New Facility. The borrowing plans were first mooted in March. As Avanti explains: “The New Facility would be senior as to priority of enforcement […]
The Walt Disney Company put more than $400 million (€356.2m) cash into Vice, but in investor filings this week Disney revealed it no longer thinks it will ever get any return on the digital publisher — a company that was supposedly worth $5.7 billion. Vice is still worth something to some; last week, a group […]
Sky has invested in You.i TV, a specialist in software tools for addressing cross-platform app development. The investment is part of the larger You.i TV Series C funding announced in November 2018, and displays Sky’s commitment to backing innovative companies that help connect consumers to content they want to watch, wherever they want to watch […]
Vice Media, the millennial-skewed digital media group, has raised $250 million (€223.4m) in debt from a group of investors – led by 23 Capital and also including Fortress Investment Group and Monroe Capital – according to reports that originated in The WSJ. In February Vice Media announced it was shrinking its workforce by around 250 […]
Altice Europe has successfully priced and allocated €2.8 billion of new 8-year Senior Notes at Altice Luxembourg following a well oversubscribed offering. The weighted average cost of the new Senior Notes on a fully euro swapped basis will be 7.9 per cent. The proceeds from this transaction, together with €500 million cash from Altice France […]
VideoAmp has raised $70 million (€62.2m) in new funding led by The Raine Group, a global investment bank focused exclusively on media and technology. The Raine Group invested $50 million in this growth round of financing, with Ankona Capital contributing an additional $20 million. In conjunction with the round, media executive Peter Liguori, most recently […]