In a strategic move set to revolutionize financial support in the telecommunications sector, Telin has joined forces with Lighter Capital, a financial ally renowned for fostering business growth. The partnership promises a tailored offer for businesses boasting a consistent Annual Recurring Revenue (ARR) of at least $200K, providing an opportunity to secure financing up to 50% of their ARR, capped at an impressive $4 million.
In a decisive move towards advancing its digital agenda, the European Union (EU) has earmarked a substantial €763 million for the Digital Europe Programme. The lion’s share of nearly €549 million will fortify ongoing projects and multi-country initiatives aligning with the Digital Decade targets. These targets, a roadmap for Member States, aim to accelerate digital transformation by 2030.
SpaceX’s Starlink project faced a setback this week as the Federal Communications Commission (FCC) voted 3-2 to maintain its decision to deny funding from the Rural Digital Opportunity Fund (RDOF). The initial award in late 2020 aimed to extend broadband coverage to nearly 643,000 premises in 35 states.
In telecom news, global circular solutions provider TXO bolsters its sustainability commitment by acquiring network decommissioning specialist Lynx UK, expanding its team and global presence. Meanwhile, the FCC strengthens rules against telemarketing abuse, aiming to protect U.S. phone subscribers from unwanted calls. Enreach introduces a Contact App Suite for enhanced business connectivity, integrating voice and call control with Microsoft collaboration tools. Additionally, Tollring unveils Record AI, an affordable cloud call recording solution democratizing AI automation for improved customer experiences across organizational scales. These strategic moves signal advancements in telecom sustainability, regulatory protection, business connectivity, and AI innovation.
In a strategic move towards advancing its commitment to a circular economy, TXO, a prominent provider of end-to-end circular telecom network solutions, has officially acquired Lynx UK Ltd. The acquisition positions TXO as a key player in sustainable telecom networks, supporting operators worldwide in their pursuit of environmentally conscious network expansion and transformation.
TalkTalk is poised to acquire Shell Energy’s telecoms clientele from the Octopus Energy Group, marking a development that could impact an estimated 480,000 broadband customers. Delving into the sidelines of this development, continual transformation seems a heartbeat in the telecoms market.
In a testament to the synergy of shared innovation, Huawei and Sharp enter an intellectual property cross-licensing agreement. Such alliances underline the value of IP rights while enabling competitive market offerings. However, details like the deal’s duration and financial aspects remain undisclosed – a recurrent practice in the telecom sector.
In a long-anticipated move, telecommunications giants Digi, Orange, and MasMovil have finalized agreements as part of their ongoing merger negotiations. The trio is seeking the European Commission’s approval to resume the halted approval process, which stalled in July.
In a strategic collaboration, Boldyn Networks, a leading neutral host provider, has joined forces with Rome’s municipal government, Roma Capitale, to launch #Roma5G, a groundbreaking initiative aimed at revolutionizing the city’s digital infrastructure. The 25-year concession encompasses the development and management of a comprehensive 5G and Wi-Fi network throughout Rome, catering to both residents and the anticipated influx of visitors during major events.
EPB, the city-owned broadband provider, has launched a new 2.5-gig residential internet service, expanding its symmetrical speed offerings on the fiber optic network. Priced at $97.99 per month, the 2.5-gig service comes with the installation of EPB’s Wi-Fi 6e router and is available across the service area. VP Katie Espeseth emphasized EPB’s commitment to diversifying network options, with an eye on providing service up to 25-gig.
