LDC, the private equity investor which is part of Lloyds Banking Group, has made a £21 million (€25.3m) minority investment in Precise TV, the contextual video AdTech platform, to support its international expansion. Precise TV was founded in 2015 and operates globally through its teams in London, Los Angeles and New York, as well as […]

The European Commission has announced grant agreements totalling €128 million to support 31 new 5G infrastructure projects, following the third call for proposals of the Connecting Europe Facility (CEF Digital). This adds to the €93 million already committed to finance 35 projects for 5G under the first two CEF Digital calls, for a total of […]

The IRIS2 project for hundreds of satellites was confirmed December 16th with the signing of contracts worth €10.6 billion with the SpaceRISE consortium. The consortium, led by satellite operators SES, Eutelsat and Hispasat, is now contracted to build – via sub-contractors – and operate the new highly-secure fleet of satellites. The contract covers a 12-year […]

New measures to secure the long-term success of the UK’s community radio stations have been announced by the government. There are more than 300 community radio stations dedicated to serving small geographic areas and largely run by more than 20,000 volunteers across the UK. Media Minister Stephanie Peacock will table amendments to the Community Radio […]

The Culture, Media and Sport Committee of the UK House of Commons is to hold an evidence session as part of its role to scrutinise the spending, policies and administration of the Department for Culture, Media and Sport. Secretary of State for Culture, Media and Sport Lisa Nandy MP will be making her first appearance […]

Nscale, the hyperscaler engineered for AI, has raised $155 million (€146.4m) in Series A funding to accelerate expansion across Europe and North America. The oversubscribed funding round was led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management,and Florence Capital. Nscale develops sustainable AI-ready data centres, deploys massive-scale GPU infrastructure, and delivers high-performance […]

Freshwave, a UK mobile infrastructure provider, has secured a committed credit facility of up to £100 million (€120.8m) from Guggenheim Investments, on behalf of certain clients, to fund its continuing growth trajectory. Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners. This funding builds on the investment made to date […]

Happydemics, a specialist in brand metrics and ad performance measurement, has announced it has raised €13 million in Series B funding. The private equity round, led by Wille Finance and Adelie Capital, will see the company ramp up its global expansion into the UK and continue its work with marketers looking to get better returns […]

UK Culture Secretary Lisa Nandy has provided an update on the funding of the BBC, setting out how the government will review alternate funding options to secure the broadcaster’s long-term sustainability, while providing it with funding certainty for the remainder of the current Charter period. In a written statement to Parliament, Nandy set out how […]

Airtasker, the online and mobile marketplace for outsourcing tasks, has announced that its US operating company, Airtasker USA, has secured a combined $12 million (€11.4m) in media capital through partnerships with Sinclair Broadcast Group and Mercurius Media Capital. Additionally, Airtasker’s UK operating company has announced that Channel 4 has completed a follow-on investment of £4 […]