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By Winston Qiu According to Nasdaq news, Investment firm KKR said on Monday it would acquire a majority stake in telecoms operator Telefonica Chile's fiber optic network in a deal valued at about $1 billion.
By Lynsey Buckingham The London Internet Exchange (LINX), a leading interconnection hub, has seen network data traffic passed by its members across its multiple peering LANS grow substantially over the last year.
On the exchange’s primary LON1 platform in London, data traffic has increased by well over 40%. The figure is closely reflected across all of LINX’s interconnection hubs, both in the UK, and the US. Indeed, all LINX LANs have set traffic records since the beginning of the COVID-19 pandemic.
By PR Release Telia Carrier announced the launch of a new PoP (Point of Presence) at the Derio de Telxius Communications Hub , located near Bilbao; a communications node with great interconnection capacity. The agreement enhances Telia Carrier's fiber backbone and connectivity for customers seeking access to a completely new and diverse route, from America to Europe, with low latency and high capacity between the two continents.
By PR Release Tokyo, January 26, 2021 - NEC Corporation (NEC; TSE: 6701) announced on today the delivery of a submarine cable seismic and tsunami observation system to Taiwan's Central Weather Bureau (CWB) under the Ministry of Transportation and Communications. This project is based on a contract between NEC Taiwan and the CWB.
By Winston Qiu According to Ciena, NTT Communications Corporation (NTT Com) will deploy a single-wave 800G line speed solution for Data Center Interconnect (DCI). Deployed with Ciena’s industry-leading WaveLogic 5 Extreme optical platform, NTT Com’s upgraded network can support capacity up to 33.6Tbps per fiber pair between data centers in metro area.
By Winston Qiu Orange announced the commissioning and commercial launch of Djoliba, the first pan-African backbone network, covering 8 countries: Burkina Faso, Côte d’Ivoire, Ghana, Guinea, Liberia, Mali, Nigeria and Senegal. This Djoliba network infrastructure is based on a terrestrial fibre optic network, coupled with undersea cables, offering secure connectivity abroad from West Africa. This investment aims to support the digital ecosystem and meets the growing needs for connectivity in the region.
By Winston Qiu Liberty Latin America has confirmed that the company has entered into a consent judgment with the U.S. Department of Justice (DOJ) regarding the previously announced acquisition of AT&T’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands. The DoJ required Liberty Latin America Ltd. (Liberty), its subsidiary, Liberty Communications of Puerto Rico LLC (LCPR), and AT&T Inc. (AT&T) to divest certain fiber-based telecommunications assets and customer accounts in Puerto Rico. The DoJ also approved WorldNet Telecommunications, Inc. (WorldNet) as the acquirer.
By Winston Qiu Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, announces that it is building Egypt's largest international data center facility. Expected to be commissioned in early 2021 with access to all the global submarine cable systems that land in Egypt, the new data center is going to be the first in the country with the Uptime Institute's certifications in the Design, Constructed Facility, and Operational Sustainability categories.
By Winston Qiu Telia Company announced on Tuesday to sell its global operation Telia Carrier to Polhem Infra, an infrastructure investor owned by Swedish pension funds, for 9.45 billion Swedish kronor (€900 million), on a cash and debt free basis, at an EV/EBITDA ratio of 18.9. Telia Company has reached an agreement with Polhem Infra. At the same time, Telia Company enters a long-term strategic partnership with Telia Carrier, securing continuous world-leading network solutions to Telia’s customers.
By Winston Qiu In a blog post by Google Global Networking experts Valey Kamalov and Mattia Cantono on Friday, Google unveiled a recent experiment using its subsea cables to detect earthquakes and tsunamis. Google has developed a technique which is capable of dectecting earthquakes and tsunamis over tens of thousands of kilometers away, using current in-service subsea cables and equipment that is present on the vast majority of the world’s existing subsea cable systems.
By Winston Qiu HC2 Holdings, Inc. (“HC2”), the legacy controlling company of Global Marine Group (GMG), announced recently the completion of the sale of its 30% stake in Huawei Marine Networks Co., Limited (“HMN”) to Hengtong Optic-Electric Co Ltd (“Hengtong”). The 30% interest in Huawei Marine Networks was sold for $85 million. Huawei Marine Networks has an enterprise value of US$285 million. Huawei Marine Networks is now owned by Hengtong (81%) and HC2 (19%) subject to a two-year put option. According to GMG, it has fully divested stake in Huawei Marine Networks.
By Winston Qiu According to press release from the Ministry of Communications and Information Technology (MCIT) of Egypt, the Minister Amr Talaat has issued a decree appointing Mohamed Nasr Eldin Mohamed Ali the Assistant ICT Minister for Global Information Infrastructure (GII) for one year. Nasr Eldin is a respectful verteran in developing and running submarine cable systems, global telecommunication networks and the Internet. He was the Head of Subsea Cable Infrastructure at PCCW Global prior to this appiontment, and headed International Business Unit at Telecom Egypt for years prior to his roles at PCCW Global. He contributed a lot and work extensively for the PEACE cable, the AAE-1 cable and other subsea cables.
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