ImpactAlpha, August 11 — Cable internet versus fiber optic, you ask? A lower-waste footprint and lower-energy consumption makes fiber technology the more eco-friendly choice.
Toronto-based Ting, a subsidiary of global internet services company Tucows, is looking to build communications infrastructure for more resilient and sustainable cities. Generate Capital’s expertise will help the company rollout its fiber network, said Ting’s Elliot Noss.
Generate, armed with a $2 billion sustainable infrastructure fund, provided the preferred equity investment. Upon closing, Ting will receive $60 million. The rest of the capital will be allocated as Ting reaches operational milestones.
“Ting brings expertise highly complementary to Generate’s sustainable infrastructure know-how,” said Generate’s Andrew Marino. “We look forward to deploying smart cities solutions with them to drive resource efficiency for municipalities over the long term.”