Advanced Television


Astra to raise $65m

Struggling rocket developer Astra Space is to conduct a 1-for-15 stock split and in the process raise around $65 million (€58.9m) to continue its work on its Rocket 4 launch vehicle. The 1-for-15 stock split will issue one new share to stockholders in a swap for 15 existing shares. The company’s filing with the SEC […]

July 12, 2023By Chris Forrester

Germany slashes space budget

Germany’s government has dramatically cut the amount of money in its 2024 budget going to support Europe’s space industries. The numbers are: National Space Programme: Was €371 million. New budget €313 million. Contribution to ESA for IRIS2: Was €189 million. New budget €70 million. There are also reports that further cuts may come to Germany’s […]

July 5, 2023

Broadband boost for UK regions

Homes and businesses in southern and eastern parts of England are set to benefit from new highspeed broadband connections backed by almost £320 million (€373m) of UK government investment. People living and working in rural parts of Norfolk, Suffolk and Hampshire are set to have their ability to bank online, conduct business, shop, communicate and […]

July 4, 2023By Colin Mann

$42bn boost for US high-speed connectivity

In the largest Internet funding announcement in history, the US Department of Commerce has announced funding for each state for high-speed Internet infrastructure deployment through the Broadband Equity Access and Deployment (BEAD) Programme  – a $42.45 billion (€38.9bn) grant scheme created in the Bipartisan Infrastructure Law and administered by the Department of Commerce. This announcement […]

June 27, 2023By Colin Mann

Virgin Galactic needs $400m extra funds

Sir Richard Branson-backed tourists-into-space project is seeking a cash infusion of about $400 million (€367.2m). Its first commercial sub-orbital flight (designated Galactic 01) is scheduled for later this week when it will carry a group of Italians on a brief journey to the edge of space. The mission will happen from Virgin’s Spaceport America in […]

June 26, 2023By Chris Forrester

Seraphim Space Portfolio reaches 100 companies

Seraphim Space, the global space investment company, has announced it is supporting 100 space companies with equity funding. In 2016 Seraphim launched a venture fund focused on space, followed by a dedicated SpaceTech Accelerator in 2017 (now on its 11th cohort). Following an oversubscribed IPO of £250 million in 2021 the first publicly listed growth […]

June 21, 2023

Report: Mobile connectivity tackles UK digital divide

With 21 per cent of UK adults now only accessing the Internet using a smartphone, according to Ofcom, a report into digital exclusion by Mobile UK, the industry body for the UK’s Mobile Network Operators (MNOs), is highlighting the growing importance of mobile connectivity and the need for better Government policy. The report, From Exclusion to Inclusion […]

June 19, 2023By Colin Mann

IRIS2 Consortium named

The European Commission has rejected four smaller consortia for its IRIS2 low Earth orbiting constellation. It has selected a consortium made up of Airbus Defense & Space, Eutelsat, Hispasat, SES and Thales Alenia Space, backed also by Deutsche Telekom, OHB SE, Orange, Hisdesat, Telespazio and Thales Group. This major group will now fine tune its […]

June 16, 2023By Chris Forrester

£50bn boost for UK creative industries

New plans to maximise the potential of the UK creative industries and grow the economy have been set out by the government. One of the Prime Minister’s priority sectors for economic growth, the creative industries are a global British success story growing at more than 1.5 times the rate of the wider economy over the […]

June 14, 2023By Colin Mann

Goldman Sachs invests $300m in Madhive

Madhive, an advertising software platform engineered for modern TV advertising, has signed a definitive agreement with the Private Equity business within Goldman Sachs for a $300 million (€277.9m) investment in the company. Goldman Sachs’ equity investment comes as Madhive’s connected TV (CTV) advertising software platform is playing a role in the TV industry’s expansion from […]

June 13, 2023