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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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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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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.

Mobile 269
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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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IOH and Google sign sovereign cloud deal 

Total Telecom

Keep up to date with the latest international telecoms news by subscribing to the Total Telecom daily newsletter. Also in the news: NTT to launch new AI company ‘NTT AI-CIX’ Thousands of kms of fibre could be left underutilised warns asset reuse specialist IOH launches Southeast Asia’s largest digital intelligence operations centre

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Vodafone Idea expands Ericsson 5G partnership 

Total Telecom

5G deployment will enable us to seamlessly manage the growing data traffic on the Vi network, provide secure and reliable connectivity while enhancing the customer experience from the network,” said Vi CEO Akshaya Moondra in a press release. However, Vi did successfully raise $4.4 Last month, Vi inked a $3.6 billion to 1.2

Finance 212