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Musk raising another $500m for satellite project

Musk raising another $500m for satellite project

SpaceX says it is looking to raise an additional $500 million in funding. According to a regulatory filing, Elon Musk’s Space Exploration Technologies is the vehicle, and the target for…

Trump: ‘America must win 5G race’

Trump: ‘America must win 5G race’

US President Donald Trump has declared that the United States must win the race to provide 5G networks, and that American companies must lead the world in cellular technology. Addressing…

Tru Optik closes $10m venture round

Tru Optik, a specialist in targeting, measurement, and privacy management, has announced the close of a $10 million (€8.9m) venture round led by MitheraCapital. Additional investors in the round include…

Applicaster secures £16.7m growth funding

Applicaster, a company that aims to simplify the production, delivery and maintenance of direct-to-consumer media applications, has announced a £16.7 million (€19.5m) growth round of funding, alongside the strategic appointment…

Openreach consults on ‘full-fibre’ broadband

Openreach consults on ‘full-fibre’ broadband

UK broadband infrastructure provider Openreach has launched a consultation for the country’s leading broadband and telephone providers asking for their views on how it can upgrade consumers and businesses throughout…

OneWeb raises extra $1.25bn for next stage

OneWeb raises extra $1.25bn for next stage

Mega-satellite constellation OneWeb has raised $1.25 billion (€1.1bn) in fresh funding as part of its plan to launch an initial 648 satellites to provide a global broadband service. OneWeb has…

Russia buys into OneWeb

Russian businesses have reportedly bought a majority share of the OneWeb satellite mega-constellation that will operate over Russia via a Russian joint venture. This means, in essence, that OneWeb should…

Gogo to bring in new investor

In-Flight Entertainment (IFE) and broadband-to-aircraft specialists Gogo is reportedly in “advanced talks” to bring in a new investor and help reduce the company’s debt burden. According to trade news-site Space…

£18m UK funding for OneWeb

£18m UK funding for OneWeb

Affordable worldwide Internet coverage is one step closer today, after £18 million (€20.55m) of UK Space Agency funding was awarded to OneWeb through the European Space Agency, to aid the…

CuriosityStream raises $140m

CuriosityStream, the factual streaming service launched by Discovery Channel founder John Hendricks, has announced approximately $140 million (€123.9m) in private placement funding to fuel the company’s next phase of growth.…

Report: AR/VR investment stabilised in Q4

Digi-Capital tracked startups raising over $6 billion across AR/VR/computer vision in 2018, driven by large, late-stage deals in China. A decline in deal volumes (number of deals) during the first…

Report: $5.7bn gaming investments in 2018

Report: $5.7bn gaming investments in 2018

Digi-Capital’s Games Report Q1 2019 tracked games companies raising $5.7 billion (€4.9bn) in 2018, which was over twice the previous record investment from 2017. Tim Sweeney’s Epic Games’ $1.25 billion…

Openreach full fibre jobs boost

Openreach full fibre jobs boost

The UK Secretary of State for Work and Pensions, Amber Rudd MP, has welcomed news that Openreach, the UK’s digital network business, will hire 3,000 new trainees – of which…

Nokia, Open Fiber bridge Italy’s digital divide

Open Fiber, the sole wholesale-only player in the Italian broadband market, has selected Nokia for a fibre-to-the-home (FTTH) rollout that will bring ultra-broadband services to the small towns and rural…

Brussels promotes post-Brexit creative credentials

Brussels promotes post-Brexit creative credentials

With the UK set to leave the European Union, the Brussels Capital Region is launching a major initiative to attract UK-based businesses in the film, broadcast and creative industries to…

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