Generate Capital invests USD200m in Ting Fiber

18 Aug 2022

Ting Fiber, the US subsidiary of Canadian internet firm Tucows, has announced that it has secured up to USD200 million in financing from Generate Capital, which bills itself as a ‘sustainable infrastructure investment and operating platform’. USD60 million was contributed when the deal closed and the subsequent USD140 million will be advanced as Ting achieves predetermined operational milestones.

Ting Fiber – which was originally launched as an offshoot of MVNO Ting Mobile in 2014 – currently has a presence in 15 markets nationwide, with operations in Arizona, California, Colorado, Idaho, Maryland, North Carolina and Virginia.

United States, Ting Fiber