OneWeb wants to place an initial 650 low-orbiting broadband satellites into space. It has already raised $3.4 billion (€3bn) in funding – but needs more. OneWeb reportedly needs some $5 billion to get its fleet built and launched, and to start supplying its broadband-by-satellite service to unserved users around the planet. The company has already […]
LeoSat wants to place between 78-108 satellites into Low Earth orbit at 1400 kms and use laser beams to move huge quantities of data extremely quickly around the globe. It has secured initial modest investment from Hispasat and Japan’s Sky Perfect/JSAT. It says it has booked $2 billion of advance orders. However, it reportedly is […]
London-based speciality satellite operator Avanti Communications says it wants to cancel its listing of its ordinary shares from the London ‘junior’ exchange Alternative Investment Market. It made the announcement early on August 20th. Avanti says: “The proposed cancellation is part of the ongoing transformation of the Company as the Directors believe the currently market valuation […]
Get It Right (From A Genuine Site) – the UK consumer education initiative that engages fans in new and exciting ways to encourage them to value the creative process and to access content legally – is moving to its next phase. This follows in-depth research, including focus groups, with the target audience of 16-24 year […]
WSC Sports, a leader in AI-powered sports video content, announced it has raised $23 million (€25.69m) in Series C funding, bringing the company’s total funding to$39 million. The new capital will be used to further expand WSC’s growth across new sports, products and geographic regions. This funding round was led by Eyal Ofer’s O.G. Tech […]
iflix, the Southeast Asian largest digital entertainment service, has announced the finalisation of a new round of investment to drive growth ahead of a prospective IPO. This latest round was cornerstoned by Fidelity International, a global asset manager with $379.2 billion assets under management. As part of the round, iflix also welcomes some of the […]
Modern Times Group (MTG), the Swedish operational investment company focusing on, eSports and gaming entertainment opportunities worldwide, has revealed its latest VC Fund investments ahead of the company’s Q2 2019 financial report. Investments in H1 2019 amount to a total of $11 million (€9.8m) including capital commitments and span start-up and growth companies in the […]
A young person away at college has a knock on the door. An individual with an ID card and a body cam demands a series of answers and reads them their rights on the basis they may have committed the criminal offence of not having a current BBC TV licence. The person in question – […]
Global publishing platform Minute Media has raised $40 million (€35.4m) in a funding round with new investors Hamilton Lane and Maor Investments. The company’s existing investors include Battery Ventures, Goldman Sachs, ProSieben, Dawn Capital, Qumra Capital, Vintage Investment Partners and Gemini Israel Ventures. This brings Minute Media’s total funding to $120 million to-date. Minute Media has […]
Eutelsat Communications has announced a €10 million investment – circa 20 per cent – in Broadpeak, an industry specialist in video content delivery solutions. Broadpeak is a supplier of CDN (Content Delivery Network) technologies optimising the delivery of video content over terrestrial and satellite networks to provide end-users with best-in-class viewing quality on all their devices. […]