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OneWeb raises fresh $400m

OneWeb raises fresh $400m

OneWeb, now out of bankruptcy, has raised $400 million (€330m) in fresh financing. Two existing – and former investors – have pitched in with the cash; $350 million comes from…

Regulator: Social influencers must finance European TV content?

Regulator: Social influencers must finance European TV content?

Spain’s regulatory body CNMC has demanded that TV and streaming influencers be classified as “Audiovisual Services Providers through video exchange platforms” in the new TV law, set to be approved…

Eutelsat gets €200m EIB broadband loan

Eutelsat gets €200m EIB broadband loan

Eutelsat has taken an 8-year loan of €200 million from the European Investment Bank (EIB) to help fund the roll-out of its high-speed broadband services. Eutelsat will use the cash…

5G stadium project gets government funding

5G stadium project gets government funding

The DTG (Digital TV Group) the centre of UK digital TV, in partnership with Digital Catapult, Global Wireless Solutions, O2, Rohde & Schwarz, have successfully secured Government funding to develop…

Tuchman backs Rialto International

Bruce Tuchman, formerly President of Sundance Channel Global, AMC Global and MGM Networks, and New Zealand’s Rialto Channel Limited have launched Rialto International, a 50-50 joint venture to bring Rialto…

GB News ‘fully funded’

The planned GB News TV channel and digital services, proposed as an alternate to the BBC News and Sky News, is now fully funded. Reports say the 24-hour channel, fronted…

MPs warn of UK connectivity target failure

MPs warn of UK connectivity target failure

The UK House of Commons Digital, Culture, Media and Sport Committee is warning the Government that it risks failing to meet its revised-down target for gigabit-capable broadband in the face…

OneWeb adds 36, faces UK criticism

OneWeb adds 36, faces UK criticism

There were a few tense moments immediately prior to the launch of the giant Soyuz rocket at Russia’s Vostochny Cosmodrome when the countdown clock went past the ‘3-2.1-Zero’ command, but…

Openreach creates more than 5,000 new jobs

Openreach creates more than 5,000 new jobs

UK digital infrastructure provider Openreach is claiming to have bucked the prevailing economic trend by creating 5,300  new UK-based engineering jobs, to be filled during 2021. The new roles, located…

Euskaltel seeks fibre optic partner

Euskaltel is speeding up its plans to become the fifth largest telco operator in Spain and is consequently seeking financial partners to invest in its fibre optic network throughout the…

SpaceX wants extra finance

SpaceX is reportedly planning another cash-raising round for investors. It last raised money ($1.9 billion) in August and was valued at the time as $36 billion. Bloomberg is suggesting that…

Dish Network to raise $2bn for 5G

Charlie Ergen’s Dish Network says it will offer $2 billion-worth of convertible notes. Dish will also grant the initial purchaser of these notes an additional $300 million option. Dish says:…

Europe could fund global LEO broadband

The European Commission seems enthusiastic about backing its own dedicated Low Earth Orbit system for satellite-based broadband. Speaking during the European Space Week 2020 its Commissioner for the Internal Market,…

Amazon commits €500,000 to German entertainment industry

Amazon commits €500,000 to German entertainment industry

Amazon Prime Video and Amazon Studios have announced a €500,000 commitment to support workers working behind the scenes in Germany’s entertainment industry that have been affected by the Covid-19 pandemic.…

GlobalData analyst: “Football rescue package insufficient”

GlobalData analyst: “Football rescue package insufficient”

Following the news that the Premier League is providing a £250m (€277m) support package to the English Football League (EFL); Conrad Wiacek, Head of Sports Analysis for GlobalData, a data…

All Raise collects $11m

All Raise, a VC fund to focus on women’s equality, has this week raised $11 million toward a target of $15 million from backers including Pivotal Ventures, the investment firm…

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