Ting Fiber lands up to $200 million from Generate Capital

Ting Fiber, a Tucows subsidiary, announced it has secured up to $200 million in financing from Generate Capital to accelerate Ting’s deployment of connected communications infrastructure to municipalities across the U.S. The agreement was signed earlier this month with $60 million funded on close and the remainder advanced as Ting achieves predetermined operational milestones.

“We chose Generate because we wanted more than just a financing partner,” says Elliot Noss, CEO at Ting and Tucows. “We wanted their project management expertise, sustainability expertise and the wide range of capital solutions they offer – all of which will help Ting as we continue to rapidly scale our operations.”

Since launching in 2014, Ting has focused on strategically expanding its footprint and has a presence in 15 U.S. markets, with operations in Arizona, California, Colorado, Idaho, North Carolina, and Virginia.

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