H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €20 billion of equity capital under management, announced on Wednesday that it has acquired substantially all the assets of Xtera Communications, Inc (“Xtera”), a provider of innovative and bespoke sub-sea fiber optic solutions. H.I.G. previously provided debtor-in-possession financing to the Xtera debtors in connection with the chapter 11 case.
Colt announced on Tuesday a major revamp of their advanced fibre optic network, as well as extensive Layer 2 network expansion in Japan. This will enable high-bandwidth services with speeds ranging from 10Gbps up to 100Gbps on mass scale, with greater routes and diversity. The phased expansion of both available services and coverage areas is slated to begin in January 2017.
Hibernia Networks announced the expansion of its global network platform to deliver the lowest latency connectivity from Chicago to Moscow, Russia and Mumbai, India, two vital financial hubs. In addition to these new routes, improved latency performance to Dubai, UAE is now offered directly to the Dubai Gold and Commodities Exchange, strengthening Hibernia Networks’ low latency service for this emerging center of financial markets activity in the Middle East.
Huawei and PT.LEN Telekomunikasi Indonesia (LTI) today announced an agreement to design and construct a portion of the Palapa Ring project in Indonesia. The Palapa Ring is a broadband network project that is led by Indonesian government for the purpose of increasing broadband penetration in the more remote areas in Indonesia. It consists of three separate sections; dubbed the West, Middle and East packages.
Telefónica announced on Thursday that it was forced to delay a planned €1.2bn IPO of its infrastructure unit, Telxius, due to insufficient demand for the share sale. The Telxius IPO was part of Spanish telecoms group’s plan to cut its €53bn debt.
Rostelecom and Huawei Marine announced on Thursday that they have completed construction of the submarine fiber optic cable connecting Kamchatka and Sakhalin in Russia. The construction of this 900 kilometer (km) submarine cable segment completes phase two of the construction of the Kamchatka-Sakhalin-Magadan network.
Huawei Marine Networks Co., Ltd. (Huawei Marine) announced on Wednesday that it has achieved another breakthrough in unrepeatered systems with a transmission distance of up to 648.5 km in a laboratory test in Beijing.
LONDON – September 8, 2016 – BSO, the global Ethernet network, cloud and hosting provider, announces the launch of ‘Mumbai Connect’, an ultra low latency service that offers ultra-fast, flexible connectivity in/out of India to major global markets.
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