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By Winston Qiu Telstra announced Wednesday that it had completed the acquisition of Digicel Pacific Limited, for US$1.6 billion (A$2.4 billion), backed by the Australian Government. Telstra contributed just US$270 million of equity to the deal, with the Australian Government shelling out the remaining US$1.33 billion through cheap non-resource loans and “equity-like securities”. Despite its comparatively slim contribution to the buyout, Telstra owns 100% of Digicel Pacific.
By Winston Qiu
By Winston Qiu Grid Telecom, a wholly owned subsidiary of the Independent Power Transmission Operator (IPTO) of Greece, providing telecommunications services to national and international providers, announced its plan to build a new Cable Landing Station (CLS) on the southern coast of Crete.
By Winston Qiu Telstra announced the expansion of its business and service in the Philippines with the launch of a new Point of Presence (PoP) in Pasig City, and the establishment of a new joint venture with Converge Information Communications and Technology Solutions Inc. (Converge), Telstra Converge Inc.(TCI).
By Winston Qiu On Monday, March 21, the Philippine president Rodrigo Duterte signed the law Republic Act No. 11659 amending the 85-year-old Public Service Act (PSA), allowing foreigners to fully own companies in the telecommunication, shipping, airline, railway, toll road, and transport network vehicle industries. Previously, these industries had a 40% cap on foreign equity, as they were considered public utilities.
By Winston Qiu Arelion (formerly Telia Carrier) announced the completion of its latest backbone route expansion in Norway. The additional fiber route brings a new level of resilience, capacity and diversity for connections between Norway and the rest of the world, via continental Europe. One section of the new route employs the HAVSIL subsea cable, that was built by Bulk Fiber Networks.
By Winston Qiu Colt Technology Services became the first provider to deploy 800G technology in the L-band across a terrestrial network. This was attained using Ciena’s Reconfigurable Line System (RLS), WaveLogic 5 Extreme coherent optics, and Manage, Control and Plan (MCP) domain controller.
By Winston Qiu Savills Korea and KT has signed an MOU for a joint development of a new 9,000km submarine cable in APAC, connecting South Korea, Japan, Taiwan, Indonesia, the Philippines, and Singapore, in response to fast-growing demand for global data capacity growth.
By Winston Qiu Telefónica announced to buy back a stake in its submarine cable business, Telxius, that it sold to KKR five years ago. Telefoninca and its partner Pontegadea have agreed to pay €215.7 million, subject to various adjustments, for a 40% stake in infrastructure group Telxius.
By Winston Qiu stc announced the launch of its initiative to establish a major digital hub “MENA Hub” for the Middle East and North Africa with an investment of 1 billion USD, which ensures the leading position of KSA across the ICT sector and stc’s role as leading player in the region, and aims to enable the Kingdom's economy growth and gross domestic product.
By PR Release STOCKHOLM, Jan. 19, 2022 -- Telia Carrier today unveiled its new brand, Arelion, reinforcing its goal to provide premium global connectivity services to the world's largest operators, content providers and enterprises. Arelion is the world's best-connected network spanning Europe, North America, and Asia, with more than 70,000 km of optical fiber and 1,700 MPLS endpoints, connecting customers in 125 countries. Enterprises from gaming to finance depend on the operator's business-critical services, including Global Internet Transit, Wavelengths, Ethernet, Mobile Data, and Wholesale Voice Termination.
By Winston Qiu Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced it has entered into a definitive agreement to acquire a majority stake in Teraco, Africa's leading carrier-neutral colocation provider, from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately $3.5 billion.
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