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CityFibre secures £2.3bn in funding to fuel broadband network expansion

Total Telecom

Press Release CityFibre, the UK’s largest independent full fibre platform, has reached agreement with its shareholders and existing lenders on a major £2.3bn financing round, accelerating its next phase of growth. This facility will be used to finance the company’s M&A pipeline and cement its position as the sector consolidator.

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Kenya launches early market talks for Horn of Africa fibre optic corridor

Total Telecom

The project aims to enhance digital connectivity not only within Kenya’s northern regions but also by establishing cross-border links to Ethiopia and Somalia, fostering regional digital integration and improved access for underserved communities.

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Vermont, Ohio Networks Prove Municipal Broadband Pays for Itself

Broadband Breakfast

Instead of giving up when ECFiber failed to secure private financing, the organization turned to its own residents, raising $7 million from nearly 500 local investors to start construction.   Fairlawn decided to finance the network itself, which cost $10.1 million for the outside plant and some small data centers.

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Because of Power Availability, Fiber Providers Racing to Connect Remote Data Centers

Broadband Breakfast

His parent company, Southern Company, currently has 50,000 megawatts in its connection queue, with about 10,000 megawatts of "legit load" expected in the next five years. years, rural connections spanning hundreds of miles can now take 3 to 5 years to complete. " This shift has extended project timelines dramatically.

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USF Funding Exceeded $8.5 Billion in 2024

Broadband Breakfast

4, 2025 – The budget of an internet subsidy program overseen by the Federal Communications Commission rose by about 5 percent in 2024, reaching more than $8.5 billion mostly used to bolster the finances of rural-based broadband providers. WASHINGTON, Apr.   Aside from funding the $942.9

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EdgeCore to Invest USD 17 Billion in Virginia Data Center Campus

Telecom Talk

” Governor Glenn Youngkin welcomed the announcement, emphasizing Virginia’s global leadership in internet infrastructure. “From the spine of the internet running through Ashburn to the transatlantic cables that connect in Virginia Beach, the entire Commonwealth is engaged in supporting the technology which runs the world.

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CityFibre Secures £2.3B for UK Digital Expansion Boost

VoIP Review

The new financing also includes a notable £800 million accordion facility targeting mergers and acquisitions. This strategic step will enable CityFibre to solidify its standing as a consolidator within the altnet sector, connecting millions more UK premises. Backed by key investors, the financing will enable fast network expansion.