Web-TV company Boxee has secured a new round of financing for $16.5 million in Series C financing from both new and existing investors. New investors include Tel Aviv-based Pitango Venture Capital and New York-based SoftBank Capital. Pitango’s managing general partner Isaac Hillel will also join Boxee’s board of directors. Previous investors in Boxee include Spark […]
Italian pay-DTT broadcaster Dahlia TV is off-air as new investors failed to materialise a month after it entered liquidation. A statement on the company’s website announced: “Dahlia TV and his team are sorry to report that, despite all the efforts made in recent months to offer the best service and repay the trust its own […]
Motorola Mobility Ventures, the investment arm of Motorola Mobility Holdings, is to make a strategic investment in Catch Media, the provider of a patented licensed digital rights locker platform – Play Anywhere. Catch Media’s patented registry, tracking, routing and clearinghouse technology, together with its post-acquisition licence, provides retailers, carriers and consumer electronics vendors the ability […]
Vivendi is claiming a major legal victory after a US judge limited the number of shareholders who can pursue it over alleged false financial statements relating to the Seagram / Canal Plus merger in 2000. The company said the decision would reduce the damages it could potentially face by 80 per cent from a figure […]
CTIA – The Wireless Association and the Consumer Electronics Association (CEA) have submitted a white paper to the Federal Communications Commission (FCC) demonstrating that the auction of 120 MHz of under-utilised broadcast television spectrum will produce more than $33 billion in net proceeds for the US Treasury. In addition to providing the US government with […]
Digital pay-TV technology specialist NDS – owned by Permira Funds and News Corp – is seeking $1.05 billion in loans to refinance debt, reports Bloomberg, citing a person with knowledge of the transaction. A lender meeting is to take place on February 17th, at 10 am in New York, to discuss the financing, according to […]
Heads of telecommunications and Internet companies will gather in Brussels in March and July to discuss plans to provide all European Union citizens with fast broadband by 2020, a spokesman for EU Digital Agenda Commissioner Neelie Kroes has stated. “I can confirm that Kroes has invited CEOs from the companies in the telecoms networks, telecoms […]
AirTies, Turkey’s wireless home media network vendor, has announced that it has received a ‘multi-million dollar investment’ from US private equity firm, Invus. The investment will be used to help the company to build its sales and marketing presence in Europe as well as to strengthen its technology leadership in the wireless media networking markets […]
The past couple of years have not been good for pay-radio’s prospects in Europe. We’ve seen the Worldspace catastrophe, now well over two years into its Chapter 11 bankruptcy (WS filed in October 2008) and with legal bills still running into the hundreds of thousands of dollars a month. Worldspace’s European and other international operations […]
The Tele Columbus Group, the leading German cable network operators, has successfully completed the financial restructuring process initiated in 2010. With expanded capital resources, the business is now better positioned in the competitive cable and telecommunication market. During the course of the restructuring agreement with lenders, debts were reduced by over €400 million. At the […]