A group of telecommunications, technology, aviation, and aerospace companies including Airbus Defence and Space and Softbank Corp., announced a partnership on Friday called the HAPS Alliance, to promote the use of high altitude vehicles in the Earth’s stratosphere with the goal of eliminating the digital divide. HAPSMobile, Loon, AeroVironment, Airbus Defence and Space, Bharti Airtel…

In January, CBPE Capital announced that it had invested in satellite technology vendor ETL Systems, and is open to making further investments in the satellite arena. Jolyon Latimer a CBPE Capital partner, told Via Satellite that the company, "will be actively reviewing complementary acquisitions for ETL and would therefore expect to invest further capital in…

Tarana Wireless Inc. announced on Thursday that in January, it received $24 million of follow-on preferred equity with commitments for $36 million of additional preferred equity through October 2020, fully funding the company’s pre-commercial efforts.  Tarana is preparing for mass production of its Tarana G1 Gigabit residential broadband platform. The company said the financing will…

In its financial results released Thursday for the Fourth Quarter (Q4) that ended on Dec. 31, 2019, Echostar reported $499 million in revenue. This was an increase of about $45 million, or 10% from Q4 in 2018. But Echostar’s net loss from continuing operations was $56.3 million. This was a decrease of loss by $72.5…