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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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Vodafone and AST SpaceMobile to open research hub in Málaga

Total Telecom

The centres creation is partially financed by a grant from the Spanish Space Agency and includes AST SpaceMobile and the University of Mlaga as its key initial partners.

Finance 230
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MN House introduces HF1740 a bill appropriating money for community cable television programming

Blandin on Broadband

This bill is tangential to broadband but could relate directly to cable franchising, which does connect it to broadband. 1740, A bill for an act relating to arts and cultural heritage; appropriating money for community cable television programming. Minnesota House reports Nadeau, Norris and Carroll introduced: HF.

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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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Digital Edge bags $1.6bn in data centre expansion funding 

Total Telecom

The capital, which includes both equity and debt financing, will fuel the company’s next phase of growth as it works to meet the increasing demand for cloud and AI services across the region.

Finance 242
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TIM receives €700m bid for Sparkle 

Total Telecom

News The Italian government are said to be focusing investment on critical national infrastructure The Italian Ministry of Economy and Finance (MEF) and Retelit, a subsidiary of the Spanish Asterion Infrastructure Fund, has made €700 offer for Sparkle, Telecom Italia’s subsea cable unit, the company has announced this week Negotiations are ongoing, (..)

Finance 242
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BT quietly scraps EV charging pilot 

Total Telecom

This was primarily due to lower revenue, higher specific costs and higher net finance expenses, Additionally, Chancellor Rachel Reeves latest budget proved to be an additional hurdle for the operator. Reported profit before tax sits at 1 billion, down 10%.

Finance 246