Outside broadcasting specialist Alfacam is operating under the Belgian version of Chapter 11 (‘judicial protection’) while it seeks a financial rescuer. A Board statement says (March 29) that the negotiations with India’s Hinduja Group in order to find a structural solution for the group are progressing “in difficult circumstances. A final outcome is expected shortly. […]
SES has taken advantage of the improving conditions in the market by raising $1 billion in the USA in fresh borrowings. It has issued two sets of so-called ‘Yankee’ bonds, due for repayment in 2023 and 2043. The precise terms will see $750 million raised in 3.600 per cent notes due in 2023 at a […]
iStreamPlanet, a specialist in live streaming video solutions, has announced that Juniper Networks has completed a strategic investment in iStreamPlanet’s Series A funding, which was led by Intel Capital. The investment will be funded by Juniper Networks’ Junos Innovation Fund. iStreamPlanet plans to use the proceeds from its Series A financing to accelerate the development […]
In May last year Intelsat said it wanted a future Initial Public Offering (IPO) to raise around $1.75 billion. Now, in a new regulatory filing, the Luxembourg-domiciled company says it is seeking to raise just $750 million from an IPO. The final figure will largely depend on how enthusiastic the market is to buy into […]
Innovid, the technology platform delivering immersive video advertising anywhere, announced that it raised $11 million in Series C funding. Existing investors Sequoia Capital, Genesis Partners, and T-Venture (Deutsche Telecom) participated in the round, with a new investment from Vintage Investment Partners. This announcement comes on the heels of a global leadership position in the agency […]
TiVo, as well as increasing subscribers, is accumulating cash largely from a very successful series of patent disputes. CEO Tom Rogers says that the company continues evaluating certain potential acquisitions. Rogers, speaking at Deutsche Bank’s media and telecom conference in New York on March 4th, said that TiVo’s cash balance at the end of its […]
mirada, the audiovisual interaction specialist, has announced the completion of an equity placing and capitalisation of certain creditor balances totaling, in aggregate, £1.47 million (€1.81m). A new group of investors has also taken part in this important step for mirada. This transaction will help strengthen the company´s balance sheet, and comes in continuation to the […]
UK transmission giant Arqiva has received a £867 million cash injection ($1.4 billion) from its existing shareholders. This new equity funding will now release a further £3.7 billion of refinanced loans and bonds to slot into place. The new equity will be used to pay down debt, and thereby help Arqiva achieve a BBB investment […]
The BBC Trust and S4C have agreed a fundamental change in the Welsh language public-service broadcaster’s funding, which from April 1st will be primarily provided by the licence fee rather than direct government grant. The agreement will run for four years and sets out the degree of BBC Trust oversight – including annual performance assessments […]
Netflix has announced that it intends to offer, subject to market considerations, $400 million from the issue senior notes due 2021 through an offering to qualified institutional buyers. Netflix will use approximately $225 million of the net proceeds from this offering to redeem its outstanding 8.5 per cent senior notes due 2017, and intends to […]