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Somalia’s NCA, IFC to revamp submarine cable landings

Developing Telecoms

The National Communications Authority of Somalia (NCA) partnered with the International Finance Corporation to prepare new regulations for submarine cable landings aimed at bolstering Somalia’s connectivity sector.

Cable 320
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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 278
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TIM receives €700m bid for Sparkle 

Total Telecom

The involvement of MEF and Retelit in the bid indicates a potential national interest in securing Sparkle’s infrastructure, which plays a significant role in Italy’s connectivity to global markets. Further updates are anticipated as discussions progress.

Finance 242
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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 264
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Broadband Providers, Bankers Want FCC Not to Rely on Weiss Ratings

Broadband Breakfast

WASHINGTON, August 6, 2024 – Broadband providers and banking groups are continuing to ask that the Federal Communications Commission ditch the bank rating system it has relied on for its subsidy program’s financing requirements.

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Yesterday, today and tomorrow in FTTP

EldoTelecom

Some limited interest by private infrastructure funds (Macquarie) and Euro pension funds as sources of more patient capital to finance FTTP construction. High existing debt loads also severely limit in house debt financing. UTOPIA, ECFiber and other Vermont CUDs, Golden State Connect Authority.) Follow on Twitter @eldotelecom

Finance 52
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Consortium to bring fiber to every American doorstep

EldoTelecom

Cable companies, publicly owned and coop networks and smaller fiber network owner/operators will be offered buy outs of their existing footprints on highly favorable but time limited acquisition terms, according to sources close to the negotiations leading up to the deal. He’s right.