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HS2 project could boost rural broadband, new analysis reveals 

Total Telecom

News The railway line could improve the connectivity for thousands of rural households The High-Speed 2 (HS2) railway project could significantly enhance broadband connectivity in rural areas, according to a new analysis released today from High Speed 2 Ltd, a non-departmental public body run by the UK Department for Transport.

Broadband 255
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Ukraine’s newest telco to receive $435m investment from EBRD, IFC

Total Telecom

News The move is the largest direct foreign investment in Ukraine since the war began This week, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have confirmed they will jointly invest $435 million into Ukraine’s newest converged telco.

Finance 273
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BT says Labour’s budget will cost company £100m 

Total Telecom

This was “primarily due to lower revenue, higher specific costs and higher net finance expenses,” the company explained. In response, CEO Allison Kirkby outlined several measures to mitigate this impact, including potentially passing costs on to mobile and broadband customers. Reported profit before tax sits at £1 billion, down 10%.

Telecoms 269
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TalkTalk auditor quits amid continuing cashflow struggles 

Total Telecom

Deloitte cited serious concerns over the telecom company’s financial controls. A spokesperson for TalkTalk told the Telegraph that the move was planned, and followed a break up of the TalkTalk group last year, where it split into three separate companies: wholesale, consumer broadband and small business.

Finance 250
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New frontiers in broadband

Mark Goldberg

New Frontiers in Broadband, an Ivey telecom policy workshop , is coming up on the afternoon of October 16 in downtown Toronto. I hope you’ll register to join this special session looking at new frontiers in broadband. The post New frontiers in broadband appeared first on Telecom Trends.

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Shanghai boosts chip fund by $1bn in drive for self-sufficiency  

Total Telecom

This cash increase is expected to enhance the SSIIF’s ability to finance crucial semiconductor projects aimed making China less reliant on foreign technology.

Finance 198
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CityFibre Seeks Funds to Boost UK Telecom Growth Potential

VoIP Review

A CityFibre spokesperson commented, “2024 is proving to be a significant year for CityFibre: we are EBITDA positive, we’ve secured a long-term partnership with Sky and we’re a trusted partner of Government, which has awarded us £800m to connect rural communities to full fibre broadband as part of Project Gigabit.”