Freshwave, a UK mobile infrastructure provider, has secured a committed credit facility of up to £100 million (€120.8m) from Guggenheim Investments, on behalf of certain clients, to fund its continuing growth trajectory. Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners. This funding builds on the investment made to date […]
AT&T is a US telco giant with 241 million subscribers. It wants to serve those subscriber when the user is in a ‘not spot’ and will use AST SpaceMobile to cover most of the US (Alaska might be a challenge) with AST’s satellite coverage. AT&T CEO John Stankey explained his forward-looking strategy and how AST […]
Longshot Space Technology is challenging the established ‘rockets-into-space’ status quo with a planned 500-metre-long pneumatic cannon designed to launch payloads into orbit and with no rockets required. CEO Mike Grace is betting on a physics-proven, cost-efficient approach to disrupt the $580 million+ space tech market. He commented: “It’s a million times easier to make a […]
Telebras has selected SES, along with other partners, to support the implementation of Brazil’s Electronic Government Programme — Citizen Assistance Service (GESAC). The partnership between the companies enabled the implementation of the Managed Enterprise solution across more than 1,500 sites in public institutions, schools, libraries, telecenters, health units, indigenous villages and rural settlements across the […]
Gogo has announced the completion of its acquisition of Satcom Direct (SD), creating a multi-orbit, multi-band, in-flight connectivity provider serving the the global business aviation (BA) and military/government mobility markets. The deal was first announced in September. Gogo paid $375 million (€357.4m) in cash and issued five million shares of Gogo stock to SD ownership at […]
Rivada Space Networks has secured a contract from the US Navy. The contract’s value has not been indicated, and the new business comes despite Rivada not having any satellite capacity in orbit as yet. The contract will tap into Rivada’s plans for a highly secure, laser-linked constellation of satellites. The Navy contract requires Rivada to […]
The European Space Agency (ESA) has, until now, attempted to return to Europe’s national governments contracts that were equal in value to their payments into ESA. ESA is introducing a new structure called ‘Fair Return’ which will allow a business (or consortium) that wins an ESA contract to choose how the contract’s value is spent. […]
Elon Musk’s SpaceX is going ahead with a tender offer that would value the company at around $350 billion (€330.3bn). The news, reported by Bloomberg, has not been confirmed but if accurate the $350 billion is around $95 billion more than rumoured in November. The tender offer is a sale of insider shares and would […]
The European Commission’s new head of its Defence & Space (DG DEFIX) portfolio has started work. Andrius Kubilius, the former prime minister of Lithuania, assumed office on December 1st. He will work under Ursula von der Leyen who is the continuing president of the Commission. Commissioner Kubilius held a staff meeting on Dec 1 and […]
The Wireless Broadband Alliance (WBA), the industry body dedicated to improving Wi-Fi standards and services, has released an updated Operator Managed Wi-Fi (OMWi): Reference Architecture and Requirements technical report. This update includes enhanced technical and operational requirements and introduces open-source, OMWi-compliant implementations from partners such as the prpl Foundation, and RDK-B. It delivers a a […]