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£500m ‘jump-start’ for UK production industries

In a major move to jump start the UK’s cultural and creative sectors following lockdown, Culture Secretary Oliver Dowden has announced the launch of a Government-backed scheme worth half a…

SpaceX wants another $1bn

SpaceX wants another $1bn

Elon Musk, flushed with the stock market success of his Tesla vehicle business, is seeking to raise more cash. This time the cash would go to SpaceX. This fund-raising would…

Official: ‘UK OneWeb cash poor value’

Official: ‘UK OneWeb cash poor value’

UK senior civil servants have formally warned the government that its commitment to put $500 million into a joint venture with Bharti Global to buy bankrupt satellite operator OneWeb has…

Technicolor shareholders approve financial restructuring

Technicolor shareholders approve financial restructuring

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…

SpotX invests in SpringServe

SpotX invests in SpringServe

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…

UK: OneWeb could offer GPS “resilience”

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…

UK altnets call for broadband skills training

UK altnets call for broadband skills training

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…

OneWeb: What next for India/UK bid?

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…

UK/India OneWeb sole bidder

UK/India OneWeb sole bidder

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…

Deezer, TV Azteca Mexico alliance

Deezer, TV Azteca Mexico alliance

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…

Confusion over “nonsensical” UK OneWeb bid

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…

Dish Network prices $1bn debt borrowing

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…

UK government bids for OneWeb stake

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,…

Dish Network needs $1bn of fresh borrowing

Charlie Ergen’s pay-TV operation Dish Network is offering the financial market $1 billion of fresh financing in the form of new Senior Notes. The net proceeds of the offering are…

Technicolor refinances debts

Technicolor has reached an agreement with lenders to restructure itself and provide the company with some €420 million in a new financial structure. The plan is due to be endorsed…

Quortex raises €2.5m

Quortex, a provider of a video streaming solution over the Internet, has raised €2.5 million in seed capital, in a funding round led by Elaia and Go Capital, with the…

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