- Tucows' ( NASDAQ: TCX ) subsidiary Ting Fiber announced Tuesday that it has received up to $200M financing facility with Generate Capital, a infrastructure investment and operating platform.
- Signed on August 8, 2022, this financing agreement provides Ting preferred equity of up to $200M with no warrants attached, and with $60M funded on close. The subsequent $140M USD will be advanced as Ting achieves predetermined operational milestones, report.
- The company said it plans to accelerate its network deployment with this financing while is poised to take full advantage of the coax-to-fiber transition opportunity across the United States.
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Tucows' Ting Fiber secures up to $200M financing to expand communications infra