UK multiplay operator Virgin Media O2 has delivered 4G connectivity across 50 sites as part of the Shared Rural Network (SRN) programme, providing residents, businesses and visitors in rural communities with faster and more reliable mobile coverage than ever before. The SRN is a £1 billion (€1.15bn) joint initiative between mobile network operators and the […]
The BBC has announced increased support for people who are struggling to pay the TV Licence. A new action plan will aim to reduce the number of women in severe financial hardship who are prosecuted for licence fee evasion. The plan is a response to the BBC’s Gender Disparity Review, which was set up to […]
ARwall, the XR technology company whose work on Disney’s Muppets Haunted Mansion resulted in an Emmy win, has announced a new round of funding to expand their business and launch new products in SaaS, mobile, cloud, and AI. The expansion follows a slate of successful patent wins for the team covering virtual production. The announcement […]
Toronto-based Kepler Communications has raised $92 million in a Series C funding round as part of its project to launch an “internet ready” satellite optical data relay system to compliment its existing radio frequency network. Since 2016, the company has raised more than $200 million in equity, with support from Costanoa Ventures, Canaan Partners, Tribe […]
Global productions nominated for BAFTAs and Academy Awards survived and thrived through the pandemic thanks to the UK government’s film and TV support package, which also boosted the country’s economy by £2.25 billion (€2.54bn). Oscar-nominated film Living, Bafta nominees Brian & Charles, Blue Jean and Good Luck To You, Leo Grande, as well as major […]
According to the UK Department for Science, Innovation and Technology, digital infrastructure is crucial to unlocking opportunities for growth and prosperity and delivering the department’s mission to put the UK at the forefront of global scientific and technological advancement. Future telecoms is one of the critical technologies identified in its recently published Science and Technology Framework. […]
A venture capital fund has raised $1.23 billion with an aim to be the “next Elon Musk” in the space business. Eclipse Ventures, based in Palo Alto in the heart of Silicon Valley, California, is establishing two new funds both of which are designed to help seek out new ventures including space-related businesses.. The two […]
Virgin Orbit has secured $31.6 million (€29.9m) in ‘Debtor in Possession’ financing from its US bankruptcy court in Delaware. The satellite services company said it intends to use the Chapter 11 process to maximise value for its business and assets. The cash comes from Virgin Investments. “Upon approval from the Bankruptcy Court, the DiP financing […]
Struggling satellite launch company Virgin Orbit, backed by entrepreneur Sir Richard Branson, has filed for Chapter 11 bankruptcy in the US. The move to a Chapter 11 bankruptcy allows the affected company to stay active, although under a Court’s administration, while it – hopefully – secures fresh funding and permits a reconstruction of the business. […]
Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment. The satellite launch company had already halted operations and laid-off staff but says it hopes to find a buyer for the business. In truth, it was always an also-ran contender in the competitive launch business […]