Finance

Kymeta and its partner, ELB Engineering, received approval the Independent Communications Authority of South Africa (ICASA) for selling and distributing Kymeta KyWay u7 terminal devices in South Africa, according to a report from Creamer Media. Kymeta and ELB Engineering obtained this approval four months after the partnership was formed. Kymeta was already in the process of expanding global...

AT&T will be lowering its Capital Expenditure (Capex) for 2019 — and gross capital investment will be within the range of $23 billion. AT&T provided an update on its strategy at a meeting following the acquisition of Time Warner, now known as WarnerMedia, as well as guidance for 2019. Considering about 40 percent of AT&T’s revenues and...

Avanti Communications Group issued an update for the quarter ended Sept. 30 and post quarter to date, in which it saw strong revenue growth in Q3 2018. Revenue for the 3 months to Sept. 30 was $10.8 million, yet there was an Earnings Before Interest, Tax, Depreciation and amortization (EBITDA) loss of $10.6 million. Other highlights...

Dish appointed Suma Nallapati to Senior Vice President (SVP) and Chief Digital Officer (CDO), reporting to Dish Chief Information Officer (CIO) Atilla Tinic. Nallapati currently serves on Colorado Governor John Hickenlooper’s cabinet as Secretary of Technology and State CIO. She will join Dish in mid-January when Colorado Governor-Elect Jared Polis assumes the office. Nallapati will lead Dish’s application delivery and digital strategy implementation. Her technology...

Lockheed Martin is contributing $1.5 million to the University of Central Florida (UCF) for the development of a new cyber innovation lab that aims to foster the next generation of cyber talent. “Our contribution is an investment in the future of students at UCF, the city of Orlando and the broader aerospace community,” said Lockheed...

CropIn Technology Solutions, an agriculture technology startup, has raised $8 million (INR 58 crores) in a Series B financing from Chiratae Ventures and the Bill & Melinda Gates Foundation Strategic Investment Fund (London and Seattle). The financing will scale CropIn’s SmartFarm technology platform in India and globally to expand its reach from 3 million acres...

Dish has appointed Atilla Tinic to the role of Senior Vice President (SVP) and Chief Information Officer (CIO). Tinic joins Dish from CenturyLink where he had served as SVP of Information Technology (IT). Tinic also held the role of CIO at Level 3 Communications prior to its 2017 acquisition by CenturyLink. He will report to John...

Rocket Lab has closed a Series E financing round of $140 million. The Series E round close brings total Rocket Lab funding to date to more than $288 million , with the company now past its previous $1 billion-plus valuation. The funding round closed last month, prior to the launch of the successful mission “It’s...

NorthStar Earth and Space (NorthStar E&S) received $39.3 million (CA$52 million) in additional financing from strategic partners for the development of NorthStar, a global environment information platform aiming to help society’s ability to manage our impact on Earth and its natural resources. The governments of Canada and Quebec are each contributing $9.8 million (CA$13 million). Private...

Singapore-based SpaceChain has announced that its SPC token is now tradable on Bittrex, one of the largest cryptocurrency exchanges in the United States. SpaceChain is a community-based space platform that combines space and blockchain technologies to build the world’s first open-source blockchain-based satellite network, helping allow users to develop and run decentralized applications in space....