Satellite operator SES has issued a €750 million Eurobond, with repayment due by 2029. The offer was over-subscribed more than two times. The Bond replaces an existing debt obligation for €750 million due for payment in April 2023. “As a result of today’s transaction, SES has no senior debt maturities to be refinanced until 2024,” […]
Venture Capital fund Seraphim, which describes itself as the world’s first space VC fund, is planning a London float and is working with banks. The plan, reported initially by Sky News, said that Deutsche Bank and JP Morgan were working with Seraphim on its initial public offering (IPO). Details could be confirmed within the next […]
Fast-growing African telco Liquid Telecom has raised 12.4 billion Rand (about €700 million) in a bond sale. The company, backed by telecoms tycoon Strive Masiyiwa (who also sits on Netflix’s main board) and who heads up the Econet business, says it will use the fresh funds to refinance existing debt and expand its broadband business […]
Investment bank JP Morgan has issued strong “Overweight” advice on some US cable operators to its clients. The bank says that there’s a “spectrum of opportunity” for the pay-TV and broadband businesses. In particular, it cites Charter as warranting an “Overweight” rating and recognising the cable operator’s strength in broadband. The company is given a […]