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.