Italy falters again on 5G funding
The Italian government has opened a tender for more than €500 million worth of funding for the provision of 5G connectivity to areas without high-speed mobile coverage.
The Italian government has opened a tender for more than €500 million worth of funding for the provision of 5G connectivity to areas without high-speed mobile coverage.
Italy has launched a major ultra-broadband tender worth €3.7 billion just days after it failed to attract interest in its first attempt to allocate EU funding.
Danielle Royston, the founder of eponymous TelcoDR, which is dedicated to encouraging telcos move into the public cloud, has dug up a ton of cash to help the cause.
Freedom Fibre, one of the new kids on the block in the UK full fibre market, has secured its second major equity injection to help it connect tens of thousands of homes over the coming year.
Intelsat aims to emerge from Chapter 11 bankruptcy protection as a private company by the end of this year, having secured the support of around three-quarters of its creditors for a new reorganisation plan.
Trooli this week revealed it has secured £67.5 million to spend on rolling out fibre to homes and businesses in the South East of the UK, but it looks like it will need more money to reach its deployment targets.
Altnet CityFibre is said to be on the verge of securing new debt and equity funding that would give it an extra £1 billion to spend on its fibre deployment.
China Unicom has shared plans to spin off and list its majority-owned SMART Connection technology business in mainland China.
Also in today’s EMEA regional round-up: Inmarsat accelerates the L-band; Finnfund boosts connectivity in Africa; it’s time we took a ‘woliday’.
KPN has secured a €1 billion credit facility that is linked to its own sustainability goals, a further sign that telcos are taking this stuff seriously.
Last week the Indian Supreme Court rejected another appeal to lower the amount of money operators owe the government and it looks like Vodafone is running out of patience.
The US Ambassador to Brazil has confirmed talks between the two nations for 5G financing under the condition that Huawei is excluded from networks.
One of the genuine risks of the accelerated journey towards the digital economy is the widening digital divide, though an extra $20 billion from the FCC could help even the landscape.
Portsmouth start-up Toob is the latest to cash in on the consumers fibre appetite with £75 million of initial funding, backed by Amber Infrastructure.
CB Insight has released its latest quarterly report on venture capitalist funding claiming new records are being spent in terms of total cash, but trends are leaning towards the bigger players.
John Chambers, who ran Cisco for 20 years, reckons the leaders of tech companies need to dial down the arrogance a bit.
Finnish kit vendor Nokia has been granted a €500 million loan from the European Investment Bank to help with its 5G R&D efforts.
Full-fibre broadband provider Hyperoptic has unveiled plans to expand its services to an additional 50 towns and cities through the UK after it completed a debt raise of £250 million.
Chinese smartphone maker Xiaomi’s initial plan for a dual listing in Shanghai and Hong Kong was hamstrung by the draconian requirements from Chinese regulators.
The initial public offering of Chinese gadget giant Xiaomi seems to has raised considerably less cash than it hoped.
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