1. Monthly archive
  2. September 2024

September 2024

Race Communications Announces New Capital Raise to Accelerate California Expansion

Race Communications secured more than $500 million in additional capital to accelerate the expansion of its fiber network across the state. This capital raise includes $375 million in equity from Oak Hill Capital, the existing majority investor, and its limited partners. The funding also features incremental debt financing from existing lender AB Private Credit Investors, who will also be participating in the equity round.

Verizon-Frontier deal a 'validation' of our convergence strategy, says Comcast CFO

Verizon's $20 billion move to acquire Frontier Communications as part of an effort to expand and scale its convergence strategy is considered a compliment at Comcast. "That's validation of what we're doing.

Local Estimates of Internet Adoption

In 2023, the National Telecommunications and Information Administration and the Census Bureau began an experimental project to study the feasibility of—and ultimately to produce—estimates of Internet adoption for small, sub-state areas during a single year to address this knowledge gap and better serve the policymaking process. Using techniques that have been successfully employed in other data products, Census Bureau experts are combining existing data from key household surveys with auxiliary data that are known to correlate with Internet adoption rates.

International Digital Connectivity Readiness Index

FarrPoint's International Digital Connectivity Readiness Index (DCRI) measures performance in both digital infrastructure and digital adoption. Overall, the United States ranks joint 2nd in the G7 for Digital Connectivity Readiness. The US ranks 6th in digital infrastructure, leading in 4G and 5G but struggling with broadband and Gigabit coverage. On adoption, it ranks 3rd, excelling in the Digital Economy, innovation and public services but facing challenges with Digital Skills, Security, and affordability. However, the US faces challenges in other aspects of digital adoption.

$50 Million ‘Build to Scale’ Funding Opportunity Aims to Boost Technology Entrepreneur Ecosystems Across the Nation

The U.S.

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