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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
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infrastructure
Altitude Infrastructure raises funds as it eyes 2.5bn fibre investment
2020-09-17 02:00:00| Total Telecom industry news
Altitude Infrastructure has raised €500 million in equity and debt, aiming to plug these funds into its newly acquired wholesaler Kosc as part of a €2.5 billion fibre investment scheme over the next three years. Altitude acquired Kosc Telecom back at the start of August for &euro…read more on TotalTele.com »
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investment
funds
infrastructure
EU regulators likely to oppose Italys plan to create single, national fibre provider
2020-09-17 02:00:00| Total Telecom industry news
Reports are suggesting that the European Commission is uneasy about the current deal being finalised between TIM and Open Fiber to create a single national fibre provider and may legally oppose its formation when the time comes. …read more on TotalTele.com »
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create
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Bredband2 makes buy-out offer for A3 to create operator with 15% of Sweden's fibre connections
2020-09-14 09:53:00| Telecompaper Headlines
(Telecompaper) Swedish data communication and security services provider Bredband2 said it has issued a public buy-out offer to shareholders in telecommunications operator A3. The offer has been accepted by holders of nearly 72 percent of shares. The merged company with approximately 450,000 fibre connections and a 15 percent market share would be led by Bredband2 CEO Daniel Krook and there is likely to be some staffing overlap.
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In the wake of COVID-19, can the UK pick up the pace of fibre deployment?
2020-09-08 02:00:00| Total Telecom industry news
The UK has moved from FTTP penetration levels of 7% end 2018 to 12% end 2019 (Connected Nations Updates – Spring 2019 and Spring 2020) – is fibre deployment happening quickly enough or do we need to pick up the pace? The industry is working as hard as it can to achieve the UK government’s ubiquitous full fibre coverage target of 2025. But unless the challenges it faces - from financial and resourcing, to the unprecedented circumstances of a global pandemic - are addressed and resolved, it’s just not possible for the industry to ‘pick up the pace’. A study by Assembly Research (pre-COVID 19) predicted that ‘Gigabit Britain’ could provide over £50bn gross value added to the economy in five years, growing to £68.8bn in 2030. During lockdown, businesses, the public and the government have relied on internet connectivity more than ever, but the stark reality is that the UK simply needs more fibre in the ground. For the UK to achieve its full fibre coverage target, there simply needs to be more collaboration and investment from both the public and private sector. The government must continue to play its vital role as a catalyst to achieving this deployment objective …read more on TotalTele.com »
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