Sigfox, a French provider of connectivity for the ‘Internet of Things’, has secured $115 million in financing from a portfolio of strategic and financial investors, including Eutelsat. “Eutelsat’s investment in SIGFOX signals our conviction that satellites can accelerate the development of the IoT market, both in terms of reach and reliability,” said Jean-Hubert Lenotte, director […]
OTT live streaming specialist Simplestream has secured an additional £2 million (€2.68m) in equity funding from a consortium including Beringea, a leading growth capital firm with a focus on media and technology companies, and YOLO Leisure and Technology, an AIM listed investment company. The investment will accelerate the expansion of Simplestream’s video streaming platform in […]
While most of the market expected Google to invest cash into Elon Musk’s 4000-satellite project given that Google has already talked of backing similar ventures (Project Loon), it has now emerged that the investment cash will go into Musk’s satellite launching rocket venture SpaceX. At the moment it would appear that Musk’s satellite project is […]
Amagi, the expert in cloud-based TV broadcast infrastructure and content regionalisation platforms, has announced their next round of investment from Premji Invest, a $2 billion PE fund and their existing investor Mayfield. Premji Invest is the investment arm of Azim Premji, chairman of multi-billion dollar IT giant Wipro. Atul Gupta, principal in Premji Invest, has […]
In the run-up to Cable Congress in mid-March in Brussels, Matthias Kurth, Executive Chairman, Cable Europe, has suggested that Europeans might have the opportunity to lead the way when it comes to investment in broadband and digital infrastructure. In a blog post, Kurth noted that in the last few years, the cable sector had been […]
Whistle Sports, a Youtube sports network for the young, raised $28 million in a funding round that included investors Liberty Global and Denver Broncos quarterback Peyton Manning. Traditional media companies have been on the hunt to invest in YouTube networks, also known as multi-channel networks, or MCNs, which draw in younger viewers to watch inexpensively […]
Videocon-backed pay-TV operator d2h has entered into an agreement with Silver Eagle Acquisition Corp (SEAC) whereby SEAC will invest $300 million for a 33.5 percent stake in d2h, and valuing d2h at about $900 million, although enterprise value of the broadcaster is said to be about $1.2 billion. SEAC is backed by serial investors Harry […]
French pay-TV channel Paris Première, despite having been on air since December 1986, is struggling to stay solvent. Unfortunately it is not alone. A slew of similarly well-established premium pay channels are either about to close or have something of a death sentence hanging over their heads. Paris Première is now owned by giant commercial […]
Elemental Technologies, a specialist in software-defined video solutions for multiscreen content delivery, has secured $14.5 million in series D financing led by Telstra, Australia’s largest telecommunications and information services company. Telstra is joined in the round by Sky, Europe’s largest entertainment company, and existing investors General Catalyst Partners, Norwest Venture Partners and Voyager Capital. Elemental […]
The European Bank for Reconstruction and Development (EBRD) has approved a €24 million loan to Serbian public company Emisiona Tehnika i Veze for completing the transition from analogue to digital TV broadcasting. However, it is already certain that the full amount of the allocated resources will not be spent, given that for the purchase of […]