The IRIS2 consortium, which is seeking to build a satellite mega-constellation on behalf of the European Commission, looks as if it is on the verge of collapse. French newspaper La Tribune says that due to risk assessment, Thales Alenia Space and Airbus Space, the subsidiaries of the two European aerospace giants, have sent a letter […]
Channel 4’s consumer investment arm, Channel 4 Ventures, has secured a £3 million (€3.54m) investment into Fy!, an AI powered home and living marketplace. The media-for-equity deal will enable Fy!, which recently acquired independent boutique marketplace Trouva, to tap into audiences for popular Channel 4 home improvement shows such as Grand Designs. By using the […]
Rivada Space Networks has secured a major slice of the cash needed to build and launch its mega-constellation of an initial 300 satellites. German newspaper Handelsblatt reports that Rivada has collected €10 billion in pre-order commitments from 113 “potential customers”. The report adds that it has also attracted investment cash from 70 investors including a […]
Kudelski, best-known for its ‘Nagra’ smart card encryption technology and Skidata system for ski-resort operators, has negotiated a CHF150 million (€154m) credit facility. The loan, organised by Farallon Capital Europe LLP., is in place in order to repay a Kudelski domestic bond, which matures on September 27th 2024. The loan has a maturity period of […]
Sky Media, the advertising arm of Sky, has announced that its Sky Zero Footprint Fund is launching an additional initiative dedicated to SME and local businesses called Local Heroes. Launched in 2021, The Sky Zero Footprint Fund initiative was created to inspire positive behaviour change and help start-ups and established brands accelerate their sustainable initiatives […]
US telco giant AT&T is already a financial backer of AST SpaceMobile (and has guaranteed a $20 million revenue commitment). AST plans on circling the globe with its ‘direct-to-cellular’ satellite service. Unconfirmed reports suggest that AT&T expects some 30-40 per cent of its US clients to take a low-cost add-on service for connection to AST […]
Munich-based Alpine Space Ventures has raised $155 million (€144.6m) for its space-focused venture capital fund, and says it expects this to grow to $160 million by the end of June. Co-founder of the business Joram Voelklein says the fund has received “sizeable” investments from the European Investment Fund (EIF) of €60 million and NATO’s Innovation […]
Eutelsat is participating in the latest Seraphim Space 2nd VC fund. The satellite operator has not said how much it has placed into the fund other than it is at a “partnership” level. “Through this partnership, Eutelsat Group and Seraphim will support the development of advanced capabilities to meet the growing market demand for global […]
Lives have been transformed by the impact of mobile technology – it permeates every facet of daily life, according to trade body Mobile UK. • Its economic impact is undeniable – £5 (€5.93) is generated in the UK economy for every £1 invested by the mobile operators • The mobile operators’ investment promotes digital inclusivity, […]
Channel 4’s consumer investment arm, Channel 4 Ventures, has secured a £3 million (€3.5m) investment into Vinterior, the European second-hand furniture marketplace. The media for equity deal will enable the home marketplace to tap into audiences for popular Channel 4 shows featuring home improvement such as Grand Designs. The deal also enhances Channel 4 Ventures’ […]