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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 298
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USSD service boosts Nigerian mobile transaction options

Developing Telecoms

A reminder that in large parts of Africa internet connectivity is not always guaranteed comes from PalmPay, a financial platform with over 30 million users on its smartphone app in Nigeria.

Finance 229
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Brightspeed Secures Multi-Billion Fiber Network Financing

Broadband Breakfast

August 14, 2024 – Internet Service Provider Brightspeed announced that it secured a multi-billion dollar financing deal that will reinforce its ability to successfully build out a fiber build plan.   Through the financing transaction, Brightspeed receives approximately $3.7

Finance 98
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Brightspeed Secures Multi-Million Fiber Network Financing

Broadband Breakfast

August 14, 2024 – Internet Service Provider Brightspeed announced that it secured a multi-billion dollar financing deal that will reinforce its ability to successfully build out a fiber build plan.   Through the financing transaction, Brightspeed receives approximately $3.7

Finance 96
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Spectrum auction urged to remove Chinese telecoms equipment

Telecoms Tech News

Outgoing FCC Chairwoman Jessica Rosenworcel is calling for a quick spectrum auction to finance the removal and replacement of Chinese telecoms equipment. The issue has been thrust back into the spotlight following the Salt Typhoon revelations that found Beijing-linked threat groups had compromised US telecoms networks.

Telecoms 232
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FCC Draft Order Would Loosen RDOF, CAF II Auction Financing Rules

Broadband Breakfast

20, 2024 – A draft of an order up for consideration at the Federal Communications Commission’s December meeting would loosen some financing rules for its broadband subsidy programs. billion Connect America Phase II Auction. WASHINGTON, Nov. That’s the highest rating those agencies issue.

Finance 116
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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 271