Finance

Luokung Technology, a Chinese spatial-temporal big-data processing technology company, revealed that Geely Technology Group and Acuitas Capital have made strategic investments in Luokung through the purchase of preferred shares and common stock. The investment of $42.5 million from Geely prompted Luokung to complete the acquisition of 51 percent of eMapgo Technologies. As a result, Luokung will...

Orbital Insight completed a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight...

LeoSat’s ambitions to build a LEO constellation may not see the light of day now as Sky Perfect JSAT and Hispasat decided to pull back from in its investment in the operator. As a consequence, LeoSat’s top executives, including its CCO Ronald van der Breggen and CEO Mark Rigolle, have been let go. At this...

In a world where almost everything is connected to ultra-fast 5G networks, just about everyone is going to need a seat at the table where decisions about those networks are made, according to industry executives, municipal leaders and engineers at DC5G this week. “We’re working with partners because 5G is a very complex ecosystem,” said...

Viasat’s Ka-band business aviation in-flight connectivity (IFC) system has received Type Certification (TC) from the FAA, EASA and ANAC for use on the Embraer Praetor 600 mid-sized business jet. Viasat’s IFC system will be offered as a line-fit option, and will provide streaming services, multi-site video conference calling, corporate virtual private networks, email and cloud...

Viasat reported its financial results for its fiscal Second Quarter (Q2) 2019, ended Sept. 30, in which revenues increased. Total revenues were $592.3 million, a 14 percent increase compared to Q2 2018. Additionally, adjusted EBITDA for Q2 2o19 was $118.2 million, an increase of 53 percent compared to the same period last year. Viasat’s Satellite...

Dish Network reported its Third Quarter (Q3) 2019 revenue, which totaled $3.17 billion, an approximately 6.8 percent decline compared to $3.40 billion for the corresponding period in 2018. Net income attributable to Dish Network totaled $353 million for the third quarter 2019, compared to net income of $432 million from the year-ago quarter. Diluted earnings...

The Federal Communications Commission (FCC) finally approved the T-Mobile and Sprint merger. According to the filing which was released on Nov. 5, the FCC believes that the merger will “yield significant network deployment benefits, increasing the quality and availability of advanced wireless services,” including public interest benefits from the deployment of a nationwide 5G network....

Ursa secured $15 million in Series B funding led by Razor’s Edge Ventures. The Series B financing was joined by strategic investors Citi, New York Ventures, a division of Empire State Development, and others who will help usher Ursa into new industries such as the supply chain, logistics, and insurance markets. Building upon Ursa’s combined Series...

Spire Global revealed that it is opening a new office in Washington D.C. metro area, specifically in Tysons Corner, Virginia. The new office represents the third U.S. office for the company and the sixth presence worldwide. The company is joining with state and local government officials working to make Washington a major center for innovation...