Facebook has partnered IP Group, Oxford Sciences Innovation and Touchstone Innovations, among others, to help guide investments in the telecoms infrastructure sector.
US-based internet company Facebook yesterday announced that a group of investors, including several university outfits, may invest up to $170m as part of its Telecoms Infrastructure Project (Tip).
The initiative does not constitute a new fund*, but is rather Facebook obtaining non-binding and in principle commitments from partners to back telecoms infrastructure startups over the next three to five years. Facebook will offer support and guidance to the investors and their potential portfolio firms, but does not appear to be…
