Luxembourg-based satellite-to-smartphone specialist OQ Technology has received a €25 million loan from the European Investment Bank (EIB). The sum is in the form of EIB venture debt. The cash will help further development of OQ’s network of low-earth-orbit satellites, offering 5G coverage and connectivity for direct-to-device Internet of Things and smartphones. The financing, supported by […]
Potpie has announced a $2.2 million pre-seed round to help engineering teams unify context across their entire stack and make AI agents genuinely useful in complex software environments. The round was led by Emergent Ventures with participation from All In Capital, DeVC and Point One Capital. The capital will be used to support early enterprise […]
France Télévisions has laid out its 2026 budget, incorporating a saving of €140 million – an unprecedented level for the French public service broadcaster. Faced with a severe reduction in its public funding – expected to decline by €65.2 million compared to 2025 (€2.44 billion) and by more than €200 million compared to the initial […]
Evocative, a provider of Internet infrastructure, has raised debt financing from a large global investment firm. The debt financing complements the continued equity support from the company’s long-term investment partner, Crestline Investors. This investment will further the company’s continued growth and expansion to support the accelerating demand for data centers and colocation space fueled by […]
The past week has seen Paris-based satellite operator Eutelsat raise some €1.5 billion overall in fresh money to improve its reserves and to finance investment in the proposed IRIS2 mega-constellation. But while majority shareholders have supported the cash raising exercises, the Rights Issue, raising €670 million, has seemingly upset minority shareholders. Eutelsat’s share price has […]
Eutelsat has announced the launch of a €670 million rights issue as part of its €1.5 billion capital raise to reinforce its financial structure and fund strategic ambitions. The announcement was expected, but there were also some extra details: · Subscription price: €1.35 per new share · Subscription ratio: 8 new shares for 11 existing […]
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 […]
AccelerComm, a provider of flight-proven 5G technology for satellite networks, and Radisys Corporation, a specialist in open telecom solutions, have announced that a joint project to support the development of the next generation of Non-Terrestrial Networks has been funded through the UK Space Agency’s International Bilateral Fund (IBF). This project will tighten the integration of […]
Vibe.co, the ad platform bringing hyper-targeting to connected TV (CTV) for performance marketers, has closed $50 million (€42.6m) in Series B financing led by Hedosophia, an early investor of Spotify, Uber and Airbnb. The financing also includes participation from previous backers including Elaia and Singular; in addition to Revolut CEO Nik Storonsky’s fund QuantumLight; Supercell […]
Coimisiún na Meán has announced €6.46 million in funding for radio and TV productions around Ireland as part of the latest round of the Sound & Vision scheme. Round 56 will support the production of 57 culturally significant projects for Irish audiences for broadcast across national, regional, local and community stations. This brings the total amount […]