Blavatnik’s firm pumps $4.3bn into sports media group DAZN February 19, 2022 Billionaire investor Sir Len Blavatnik has announced a $4.3bn capital injection into sports media firm DAZN as the firm eyes an expansion into betting, gaming and NFTs.
Cabinet backs plans to clampdown on tech giants with strict new content laws February 19, 2022 Home office plans to roll out world’s most stringent internet safety laws have won the backing of the cabinet as the government looks to shift responsibility for harmful online content on to tech giants.
Virgin Media owner and Telefonica eye new fibre giant to cover 7m UK households February 18, 2022 Liberty Global and Telefonica are in discussions with potential financial partners to create a new network venture in the UK.
Virgin Media O2 customers set to face hefty phone bill hike February 17, 2022 Phone bills for Virgin Media and O2 customers are set to rocket as the telecom giants feels the inflation sting. All Virgin Mobile customers will face a 11.7 per cent rise – the 7.8 per cent current rate of inflation as measured by the Retail Prices Index (RPI) plus 3.9 per cent. Meanwhile, only O2 [...]
Low earth satellites spur ‘connectivity revolution’ as businesses eye capabilities beyond broadband February 17, 2022 After a global surge in deal-making for low Earth orbiting (LEO) satellites, there is a ‘connectivity revolution’ sweeping the UK and the rest of the world, according to analysts. LEO satellites are currently outgunning satellites positioned higher in Earth’s orbit due to their higher performance in climate monitoring, inter-vehicular networking and remote tracking. “Venture capital [...]
Amazon and Visa agree global payments deal to settle long-running dispute February 17, 2022 Amazon and Visa confirmed today they had settled a long-running dispute over payment fees as they inked a global deal allowing shoppers to use Visa cards on all Amazon sites.
‘Tech success story’: UK cyber security sector hits record £10bn in revenue February 17, 2022 Britain’s tech sector continues to break records as new government data shows more than 1,800 cyber security firms generated a total of £10.1bn in revenue in the most recent financial year, a 14 per cent increase from the previous financial year.
IT group AVEVA reports slowdown in revenue as pandemic boom tapers off February 17, 2022 International software group AVEVA announced a slowdown in revenue growth today as the booming demand for software and IT services seen through the pandemic tapers off.
Apple chief Tim Cook under fire for his £74m pay package February 16, 2022 Top shareholder advisory group Institutional Shareholder Services has told Apple investors to vote against Tim Cook’s $99m (£73m) pay and bonus package. As first reported by the Financial Times this evening, the group told clients in a letter that there was “significant concern” with Cook’s stock awards last year, which were valued at $82m on [...]
The race to replace the ISS: ‘A full-scale industrial revolution and we’re at the very start of it’ February 16, 2022 The race for a commercial space station is officially a-go, with businesses poised for a new privately funded post to orbit Earth by the end of the decade. Nanoracks, Voyager Space and Lockheed Martin are collaborating to develop a free flying commercial space station known as Starlab. While London’s Space Entertainment Enterprise (SEE) has teamed [...]