The cash-raising move, of €828 million, was not unexpected having been agreed by shareholders at Eutelsat’s September 30th AGM. Indeed, a further €672 million has already been pre-agreed with shareholders and both as part of strengthening the operator’s capital. The French State will subscribe for €551 million, Bharti Space Limited for €30 million, the UK […]
In 2026, French PSB Group France Télévisions will have to make savings of around €150 million according to president Delphine Ernotte Cunci, speaking to business daily Les Échos, as the French government is debating 2026 funding legislation with the National Assembly. “We must eliminate the 2025 deficit and absorb the reduction in public funding projected […]
The European Broadcasting Union (EBU) and eight media freedom organisations and networks – the European Federation of Journalists (EFJ), the European Centre for Press and Media Freedom (ECPMF), the South East Europe Media Organisation (SEEMO), the International Press Institute (IPI), the Reporters without Borders (RsF), the Association of European Journalists (AEJ) and the SafeJournalists Network […]
The EBU has issued a letter to the Polish government urging it to ensure “adequate and sustainable funding” for Poland’s public service media (PSM), following reports of a proposed PLN2.5 billion (€0.59) of public funding for PSM from the state budget per year within the reform of media law – more than 30 per cent […]
Portuguese media group Impresa, which controls national commercial broadcaster SIC, has reached an agreement with Italy’s MediaForEurope (MFE) for a capital increase that will see the Italian company inject between €15 million and €40 million. This strategic move allows MFE to acquire a significant stake of just under 33.3 per cent in Impresa, thereby avoiding […]
Canada-based MDA Space is making a modest C$10 million (€6.1m) investment in Maritime Launch Services (MLS) as a precursor to becoming an equity owner and strategic partner in MLS. MDA makes satellites and key technology such as the robotic ‘Canada Arm’ used on past Space Shuttles and at the International Space Station. MLS has a […]
The Culture, Media and Sport Committee of the UK House of Commons has called on Chancellor Rachel Reeves to use next month’s Budget to bring forward tax relief to support the distribution and exhibition of independent British films. In a letter to Reeves, the Committee calls for the introduction of a 25 per cent tax […]
Bulgarian aerospace company EnduroSat has raised $104 million (€89.8m) from investors, including Google Ventures, Lux Capital and the European Investment Council, as the Sofia-based company scales up production of its small and mid-sized satellites. Compact satellite makers such as EnduroSat are seeing a surge in demand as governments and companies seek secure communications and Earth […]
Nvidia and Nokia have announced a strategic partnership to add Nvidia-powered, commercial-grade AI-RAN products to Nokia’s RAN portfolio, enabling communication service providers to launch AI-native 5G-Advanced and 6G networks on Nvidia platforms. Nvidia will also invest $1 billion (€0.86bn) in Nokia at a subscription price of $6.01 per share. The investment is subject to customary […]
London-based AI creative Wonder Studios has raised $12 million (€10.3m) seed funding to scale production for the entertainment industry. The round was led by Atomico, alongside existing investors LocalGlobe and Blackbird, and builds on angel investors including execs from Google DeepMind, and OpenAI. Wonder will use the funds to double the engineering team and accelerate […]