Luxembourg is a satellite-friendly nation. The country is already the home of SES and the formal domicile of Intelsat. Luxembourg has now signed a Letter of Intent with Virgin Orbit to help bring Virgin’s air-launch business to the country. Luxembourg’s deputy Prime Minister and Minister of Defence, François Bausch and Virgin Orbit signed a Letter […]
UK-based Orbex Space has raised £40.4 million in C-round financing. The company says the new cash “led by a new investor, the Scottish National Investment Bank, will allow the company to scale up its resources as it counts down to the first vertical launch from UK soil, as well as unlocking additional funding to support […]
London-based Envision Entertainment has secured significant funding from British/Swedish investor Magnus Rausing, heir to the multi-billion-dollar Tetra Pak business. Rausing will join Envision’s board and actively support its strategy to become a global studio through his international network. Envision founder and Chief Content Officer, Michael Nakan, said:“Magnus is the rare investor who is able to […]
Mobile industry trade body the GSMA has issued a statement saying that it strongly believes that the future of Europe’s digital economy requires action to ensure that those Big Tech players, driving large and increasing traffic volumes over European networks, make a fair contribution to infrastructure investment. It says the publication of the BEREC (Body […]
London-based ISP Community Fibre Limited has signed a new finance facility of £985 million (€1.12bn) which will enable the company to continue to execute its rapid roll out of a full-fibre broadband network to 2.2 million London homes by the end of 2024. Community Fibre already has 675,000 ready for service homes in London and […]
Following the release of a Statement by 16 leading European telcos calling for the largest traffic generators to make a fair contribution to the costs they currently impose on European networks, mobile industry trade body has added its voice to the debate. “Mobile is one of the greatest technology success stories of all time, making […]
Measurement company Comscore is restructuring including layoffs, closing data centres and possibly pulling out of some regions. Total restructuring will be between $13 million to $18 million, according to an SEC filing. Comscore promoted its CFO, Jon Carpenter to CEO in July, replacing the retiring Bill Livek. The company had been conducting a strategic review […]
BBC Cymru Wales and Media Cymru have announced a new funding round for Wales-based production companies to research, develop and commission innovation-driven content that delights audiences across Wales and the whole of the UK. Nick Andrews, BBC Wales’ Head of Content Commissioning explained that innovation needs to be at the heart of the content: “Innovation […]
Tim Davie, the BBC’s Director-General, has acknowledged that the Licence Fee is the ‘least bad’ option for funding the Corporation, an observation made by current BBC Chairman Richard Sharp before taking up his post and repeated by former Broadcast Minister John Whittingdale earlier in 2022. “If you believe in universal broadcasting, the pressure is on […]
The CEOs of 16 European telcos have issued statement calling for the largest traffic generators to make a fair contribution to the “sizeable” costs they currently impose on European networks. Noting the role of connectivity in addressing current EU challenges, they say they are writing with a sense of urgency, as the European Commission looks […]