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Apax Partners SA is understood to have won the bidding process for Airbus Defence and Space’s commercial satcoms services business, a person familiar with the matter has told SatelliteFinance.
Airbus DS put the unit up for sale in September last year along with a suite of other non-core assets as part of Airbus group’s wider restructuring strategy.
Polish DTH and telecoms group Cyfrowy Polsat (WSE:CPS) has launched a bond issue to raise up to PLN1bn (US$265m).
In January, shareholders approved the note programme, which is part of a larger refinancing effort to improve the profile of Cyfrowy Polsat’s PLN13bn (US$3.5bn) debt pile. The notes will be listed on Catalyst, the Warsaw Stock Exchange’s debt market.
Harris Corp (NYSE:HRS) is creating a new space and intelligence systems division following its acquisition of Exelis.
The division will be led by Bill Gattle, who has been managing Harris’ national systems business unit that houses most of the defence contractor’s space operations.
US inflight broadband provider Global Eagle Entertainment (NASDAQ:ENT) has bought two sets of digital media and content assets for an undisclosed sum.
The group said it acquired India’s Western Outdoor Interactive (WOI) outright, as well as certain assets from Texas-based RMG Networks (NASDAQ:RMGN), to offer more integrated solutions.
Maritime-focused satellite data start-up Spire has raised US$40m in a second round of funding to help finance its planned 20 nanosat weather constellation.
Promus Ventures led the round while other new investors included Bessemer Venture Partners and Jump Capital. Existing investors RRE Ventures and Lemnos Labs also participated.
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