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Broadpeak raises €10m from Eutelsat

Broadpeak raises €10m from Eutelsat

Eutelsat Communications has announced a €10 million investment – circa 20 per cent – in Broadpeak, an industry specialist in video content delivery solutions. Broadpeak is a supplier of CDN (Content…

SpaceX wants another $315m

SpaceX wants another $315m

SpaceX is reportedly seeking around $315 million (€278m) of new funding despite reportedly anticipating making around $3 billion this year from launching rockets. CNBC said it has seen a document…

MOBITV $50m growth funding

IP-based video delivery solutions specialist MOBITV has closed over $50m (€44.12m) in funding from Oak Investment Partners, Ally Financial, and Cedar Grove Partners. The funding will be used to accelerate…

Italy: €50 subsidy for DVB-T2 compatibility

Italy’s Ministry of Economic Development has established guidelines for the provision of subsidies to buy TV sets and decoders compatible with the DVB-T2 HEVC/MPEG-4 standards. The total budget is €151…

Analyst: French broadcasters focusing on original content

French broadcasters are increasing their investment in local original productions to compete with Netflix’s five million subscriber base in the country, according to analyst firm Ampere Analysis. In 2018,  the…

Naspers facing major shareholder exit

South Africa’s Government Employees Pension Fund (GEPF) is being advised to cut dramatically its shareholding in the nation’s biggest company, Naspers. Naspers has done well for the GEPF, but the…

SiriusXM to borrow extra $1.5bn

SiriusXM to borrow extra $1.5bn

Pay-radio operator SiriusXM had planned to raise $750 million of extra borrowings in the form of Senior Notes due for repayment in 2024. But such was the positive response from…

OneWeb expands London operation

OneWeb expands London operation

Mega-satellite operator OneWeb is creating 150 new jobs at its London offices. The jobs are based at OneWeb’s Global Operations Centre in White City, a few miles West of central…

South Africa’s SABC on verge of collapse

South Africa’s SABC on verge of collapse

South Africa’s public broadcaster SABC is asking the country’s government to provide it with a Rand 3.2 billion (€1.9bn) guarantee to help stop a blackout of broadcasts. The guarantee is…

UK boost for 5G, mobile deployment

£40 million is to be invested in 5G testbed and trial projects across UK industry as part of Government plans to improve mobile connectivity. Previous investment in the 5G testbeds…

Simulmedia closes $29m Series E funding

Simulmedia has closed a $29 million Series E equity investment round, led by long-time investor Union Square Ventures through their new 2019 Opportunity Fund. All existing institutional investors, including Avalon…

UK showcases createch pioneers

UK showcases createch pioneers

Fifty breakthrough UK businesses and projects harnessing creativity and technology are featured in a report published at the Createch 2019 conference, part of London Technology Week. The Ones to Watch…

Intelsat and Eutelsat both tap bonds

There must have been something in the air for two satellite giants to tap the bond markets for extra funding on the same day, June 6th. Intelsat raised a total…

SiriusXM raises $1.25bn

US pay-radio operator SiriusXM initially planned to raise $1 billion of fresh borrowing but such was the positive market response that it increased the amount to $1.25 billion (in the…

Vivendi tops up war chest

Vivendi, late on June 4th, wrapped up the issue of a massive €2.1 billion bond in tranches to mature in 3, 6 and 9.5 years. A report to clients from…