£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 and trials programme has driven work in the healthcare, tourism, transport and broadcasting sectors. The latest investment will support similar work in the logistics and […]
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 Ventures, WarnerMedia and Valiant Capital, are also participating. In additional news, David Levy, former president of Turner Broadcasting and longtime senior executive at Time Warner […]
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 report was launched at the annual Createch event, hosted by the Creative Industries Council (CIC) to bring together industry leaders, international delegations and attendees from […]
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 of $400 million (priced at 9.75 per cent, and due for repayment in 2025) which was $100 million more than they had announced earlier. Intelsat […]
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 form of Senior Notes due 2029) and priced at 5.5 per cent. The company says it will use the borrowing to repay a portion of […]
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 Deutsche Bank summarises the background behind the move, saying: “The stated rationale was to finance the €1.1 billion M7 acquisition and to refinance an existing […]
FloSports, a specialist in live digital sports and original content, has announced the close of its Series C funding round with $47 million (€41.6m) raised to expand and enhance coverage in new and existing sports. Led by current investor Discovery, the round also included participation from existing FloSports financial investors Causeway Media Partners, Fertitta Capital, […]
EasyBroadcast, a provider of end-to-end streaming solutions for TV channels, OTT service providers, and enterprises, has invested in WAW Music, the next-generation digital music service set to launch in Africa. WAW Music’s new streaming platform, WAW MUZIK, has already signed 10 million songs with Universal Music and will have Orange as its leading distributor. Partnering […]
Avanti Communications confirmed May 28th it had secured an extra $55 million of borrowings. Avanti says it will publish its audited financials will be published around June 7th. Avanti says the extra funding is in the form of a two-year lien (“the 1.5 Facility”) at a “payment in Kind” interest rate equal to 12.5 per […]
The UK says it wants to win 10 per cent of the global Space market activity by 2030, and that launch facilities will be key to achieving that goal. Future spaceports can apply for a share of a £2 million fund to support plans for small satellite launch from aircraft and sub-orbital flight from the […]