Italy dangles €3.7 billion in broadband funding
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.
Telecoms.com
funding
TelcoDR launches $1 billion telco cloud fund
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.
New UK fibre wholesaler gets more cash
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 creditors support year-end bankruptcy exit plan
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.
New investment shows UK fibre market is Trooli buoyant
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.
CityFibre set to raise £1bn as UK fibre competition heats up
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.
Chinese telco fundraising drive leads China Unicom to float connected cars unit
China Unicom has shared plans to spin off and list its majority-owned SMART Connection technology business in mainland China.
Eurobites: MegaFon extends VoLTE services across Russia
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 links €1 billion credit facility to sustainability goals
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.
Vodafone reportedly seeking to further reduce its exposure to India
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.
US to use financial incentives to muscle Huawei out of Brazil
The US Ambassador to Brazil has confirmed talks between the two nations for 5G financing under the condition that Huawei is excluded from networks.
FCC allocates $20bn to close US digital divide
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.
Toob joins the UK alt-net revolution
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.
VCs are spending more on less, how will that impact innovation?
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.
Former Cisco boss thinks tech leaders are too cocky
John Chambers, who ran Cisco for 20 years, reckons the leaders of tech companies need to dial down the arrogance a bit.
Nokia gets half a billion euros from Europe to get better at 5G
Finnish kit vendor Nokia has been granted a €500 million loan from the European Investment Bank to help with its 5G R&D efforts.
Hyperoptic unveils UK expansion plans after raising £250mn
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.
Xiaomi IPO was compromised by Chinese regulators
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.
IPO fails to Xiaomi the money
The initial public offering of Chinese gadget giant Xiaomi seems to has raised considerably less cash than it hoped.
FCC kicks off rural broadband auction
The FCC has giving the greenlight for the Connect America Fund Phase II reverse auction, with the window for applications ending on March 30.
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