CityFibre, the UK altnet which has already built fibre lines to cover some 4.7 million UK premises, is working with shareholders to raise £900 million in new equity funding to boost their network expansion and consolidation strategy. It follows a £1.5 billion refinancing completed in 2025. The operator, which currently has over 1 million connected […]
Ireland’s Coimisiún na Meán has announced funding of almost €697,000 for a range of new community broadcasting projects under the latest Social Benefit Round of the Sound & Vision scheme. The Social Benefit Round supports community broadcasters in delivering initiatives that create positive social impact through programming, training and education initiatives. These projects are designed […]
Avealto, the British company developing high-altitude platform station (HAPS) aircraft to bring broadband connectivity to underserved regions, has opened a $50 million (€43.7m) funding round to finance a new UK manufacturing facility, a full-scale prototype demonstration and its first commercial network deployment, in Southeast Asia, over the next 12 to 18 months. Avealto’s aircraft are […]
SWISSto12, the aerospace company, has announced the close of its $70 million (€61m) Series C. This news follows the award of $84.8 million from European Space Agency (ESA) Member States to the HummingSat ARTES partnership project, through which ESA supports SWISSto12 in the development and in-orbit validation of HummingSat. The Series C funding follows a […]
Cellnex, the European operator of telecommunications infrastructure, has announced the launch of the Cellnex UK Community Fund, a new grant programme that will invest directly in the communities where its digital infrastructure operates across the UK. The fund will award grants of up to £5,000 to individual organisations in its first year, representing a total […]
The European Space Agency (ESA) and French Space Agency CNES are to invest €1 billion into the spaceport at Kourou, French Guiana over the next three years and with a 2-year potential extension. The agreement was announced on May 18th and follows on from the core agreement between Europe’s member states in ESA in November […]
Vapi, the voice AI startup, has announced a $50 million funding round to make all calls extraordinary. When a customer calls a business, they aren’t looking for another channel. They’re looking for an outcome. But most phone experiences still run on rigid phone trees, scripts, and deterministic systems that can’t listen, adapt, or resolve issues […]
NordSpace, a Canadian-owned space missions and launch company, has been awarded approximately $250,000 in funding under the Department of National Defence (DND) Innovation for Defence Excellence and Security (IDEaS) programme to advance its Very Low Earth Orbit (VLEO) satellite constellation technology for resilient non-terrestrial networks (NTN). This award stems from the IDEaS ‘Extended communication coverage: […]
Coimisiún na Meán, Ireland’s media regulator, has announced almost €6.4 million in funding for a wide range of new radio and TV productions as part of the latest round of the Sound & Vision scheme. Round 58 will support and promote new and culturally significant programmes for Irish audiences, including in the Irish language, for […]
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 […]