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Tag: bln
Altitude Infrastructure raises EUR 500 mln, unveils EUR 2.5 bln fibre investment plan
2020-09-17 10:27:00| Telecompaper Headlines
(Telecompaper) French fibre operator Altitude Infrastructure has announced that its subsidiary AI THD has raised EUR 500 million in equity and junior debt to fund fibre expansion and support the growth of newly acquired wholesaler Kosc. The operation consists of two transactions that should be finalised during the fourth quarter, subject to regulatory approval. A pension fund managed by the Real Assets and Private Markets division of UBS Asset Management will provide the capital raised in equity, said the company.
Tags: plan
eur
investment
infrastructure
Swedish govt provides SEK 1.40 bln more broadband subsidies in 2021, reaching SEK 2.85 bln by 2025
2020-09-17 09:46:00| Telecompaper Headlines
(Telecompaper) Swedish communications regulator PTS has announced the provision of an extra SEK 1.40 billion in funding for broadband in 2021, bringing the total sum available for distribution up to and including 2025 to SEK 2.85 billion. The announcement follows the government's budget proposal for next year.
Tags: swedish
reaching
broadband
sek
STC seeks to slash USD 2.40 bln offer for Vodafone Egypt - report
2020-09-08 09:39:00| Telecompaper Headlines
(Telecompaper) Saudi Telecom Company (STC) is in discussions to reduce its non-binding USD 2.39 billion offer for a stake in Vodafone Egypt, Bloomberg reported, citing two people with direct knowledge of the talks. The discussions come as a deadline nears for STC to move ahead with the non-binding offer first made in January. In July, the Saudi extended the memorandum of understanding for 60 days because of the effects of the Covid-19 pandemic.
Samsung wins USD 6.6 bln order from Verizon for 5G telecom gear
2020-09-07 13:51:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics announced it has secured a KRW 7.9 trillion (USD 6.6 billion) order to supply 5G telecommunications equipment to Verizon, the Nikkei reported. The deal paves the way for the South Korean company to expand its presence in the US as its Chinese rival, Huawei Technologies, remains locked out of the world's largest telecom market.
US telcos say it will cost 1.6-1.8 bln to replace Huawei, ZTE equipment on their networks - FCC
2020-09-04 17:22:00| Telecompaper Headlines
(Telecompaper) The Federal Communications Commission (FCC) has compiled a list of telecom carriers that say they use at least some Huawei and ZTE equipment or services in their networks. The filers in the list say it would cost USD 1.837 billion to remove and replace Huawei and ZTE equipment on their networks. The filers that qualify for reimbursement say it could require USD 1.618 billion to shift the equipment. Other providers may not yet have participated in the information collection and may still be eligible for reimbursement.
Tags: their
cost
equipment
networks
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