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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

If accepted, the deal could significantly reduce TIM’s debt burden and provide the company with the financial flexibility to invest in its core operations and future growth.

Finance 241
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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. The UK incumbent reported a 3% decline in revenue, primarily driven by issues in non-UK operations and a competitive retail environment. Reported profit before tax sits at £1 billion, down 10%.

Telecoms 279
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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 241
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HS2 project could boost rural broadband, new analysis reveals 

Total Telecom

As part of the railway deployment plan for HS2, mobile and broadband providers would be offered access to spare capacity in the 2,000km of fibre cabling and 80 telecoms masts being constructed alongside the railway, which will connect London and Birmingham.

Broadband 264
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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. The Centre is expected to open for partners by summer this year.

Finance 177