Gavin Patterson, BT’s CEO, has expressed his fear that the UK’s exit from the European Union may have an adverse effect on the telco’s R&D capabilities. Noting that the telco is the third largest investor in R&D in the UK over the last 10 years (behind the two major pharmaceutical companies) and the world’s second […]
Orange is strengthening its corporate venture strategy by creating a new Africa section in its flagship programme for investment in start-ups, Orange Digital Ventures. As part of this initiative, the Group is committing €50 million corresponding to half of the direct investments made via its new Orange Digital Ventures Africa programme; the other half is […]
On the occasion of the European Film Forum at the Cannes Film Festival, over 80 of Europe’s filmmakers have set out their vision for Europe’s policies on copyright and culture, warning that while the dream of an EU single market can be enticing, such a project would undermine Europe’s cultural diversity. They also call for […]
nbn’s Fixed Wireless network has passed a key milestone with the service now available to 500,000 premises in regional and rural Australia. The milestone coincides with new research from UK analyst firm Ovum which reveals that nbn is investing twice as much on regional broadband than our nearest international rival. The nbn Fixed Wireless service […]
Group M, the media investment group, has announced the launch of Motion Content Group, a new global content investment and rights management company, to meet the ever-growing market demand for new economic models for premium content across the entertainment and media marketplace. Motion will invest and partner with the world’s leading talent, producers and distributors […]
Improbable, a London-based virtual reality firm, has raised $500 million (€460m) in one of the biggest investments in an early stage European technology business. Improbable was founded five years ago by Herman Narula and Rob Whitehead, who studied computer science together at Cambridge University. Their aim was to build large-scale virtual worlds and simulations – […]
Satellite operator Intelsat is looking to merge with Jersey-based OneWeb with help from Japanese media giant SoftBank. The deal needs Intelsat’s debt-holders to agree to new financial terms, and that agreement looks to be in doubt. The deadline for acceptances of new terms was at midnight yesterday, May 10th. New York-based Reorg Research, in a […]
Johannesburg-based Econet Media says it will invest around $1.19 billion over the next five years on acquiring exclusive TV content for its Kwese TV pay-TV platform. The news emerged via an application to Lesotho’s Communications Authority where Kwese TV is seeking a licence to operate. Kwese TV is already on air in Ghana, Zambia, Rwanda, […]
Opera, the developer of the most popular mobile browser in Africa, announced its plan to invest $100 million over the next two years to facilitate the growth of African digital economy. The company will use the investment to speed up internet adoption in Africa and strengthen the internet ecosystem with local partners. Africa is on […]
Australia’s Government has announced a comprehensive package of reforms that it suggests will improve the sustainability of Australia’s free-to-air broadcasting sector, support the creation of high quality Australian content and modernise broadcasting and content regulation. The package also includes a community dividend in the form of further restrictions on gambling advertising. The measures include: Abolishing […]