Latest Venturing & Investment News – Page 7
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Network & Infrastructure
New GIIA chief says UK needs fresh vision for infra
GIIA CEO Jon Phillips sees work to be done to revive foreign investor interest in UK infrastructure.
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Venturing & Investments
Safaricom plans new venturing vehicles for startup, scaleup investments
Kenyan operator proposes to launch new Venture Co. vehicle for scaleup investments and re-launch Spark Fund for early-stage startups.
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Venturing & Investments
Eastcastle eyes DRC for IFC-fuelled tower expansion
International Finance Corporation backs Eastcastle Infrastructure with multi-million dollar debt package, as TowerCo seeks portfolio growth.
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Network & Infrastructure
IFC backs SEACOM for sub-Saharan broadband boost
IFC funds subsea cable operator SEACOM to improve broadband services in seven African nations.
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Venturing & Investments
World Bank investment arm swoops for stake in Safaricom Ethiopia
World Bank’s IFC to take minority stake in STE with $157.4m equity investment in parent Global Partnership for Ethiopia.
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M&A
Infratil placed to take full control of One NZ
New Zealand-based infra investor acquires 49.95% stake from Brookfield, taking its holding to 99%.
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Vodafone Ireland continues investment in network evolution
Vodafone set to invest €500m in its network modernisation programme across the next five years.
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Venturing & Investments
Australian pension fund seals Vantage Towers stake
UniSuper announces acquisition of 5% stake in TowerCo after “an extensive due diligence process”.
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Vodafone and Sumitomo get closer with Economy of Things venture
New IoT-driven venture will combine the Japanese conglomerate’s investment with the operator’s Digital Asset Broker platform to develop services for the automotive industry.
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BT incubation arm targets health-tech overhaul with pilot trio
Health navigation, remote care, and patient flow solutions currently being trialled and developed.
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Network & Infrastructure
The Backfill: SpaceX goes back to drawing board after failed launch
Starship craft explodes at first test launch, with Elon Musk prepping next trial in a “few months”. TIM receives two new offers for passive infrastructure business. More…
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Dubai’s Raxio lands funds to fuel seven-market African data centre expansion
Dubai-headquartered data centre player secures debt facility to boost pan-African construction effort.
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HICL makes French fibre play with Altitude Infra deal
HICL Infrastructure set to acquire stake in French fibre builder Altitude Infra.
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Venturing & Investments
InfraVia, Iliad close out deal for Polish fibre JV
InfraVia Capital Partners acquires 50% of Iliad Group’s PŚO, which aims to cover “half of all Polish households”.
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People
Infra investor people moves: KKR swaps EMEA chair
KKR brings in Johannes Huth as new Chairman of EMEA.
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Cube Infrastructure Managers buys out GleSYS
Cube Infrastructure Managers acquires majority stake in Nordic data centre operator.
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WorldLink bags funding to expand Nepal coverage
Nepalese ISP WorldLink to leverage financing from British International Investment and Dolma Fund Management to expand coverage.
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abrdn steps into Spanish fibre scene with Digi deal
Edinburgh-based investor to fuel fibre growth in Andalusia with new addition to its ASCI III portfolio.
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Austrian fibre challenger raises nearly half of €1bn funding target
Syndicate of six European banks provide €417.5m in financing to Magenta Telekom and Meridiam’s new fibre JV.
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Netomnia bags £230m to accelerate full-fibre expansion
UK altnet and ISP sister company obtain debt funding to ramp up network deployment, with aim to pass one million premises by end of 2023.