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By Winston Qiu Fugro, a Dutch offshore services provider, announced on Monday (May 25) the receipt of US$17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co Ltd (Hengtong).
By Winston Qiu The Commercial Division of the High Court of England and Wales in London on Friday (May 22) ordered Anil Ambani, the former chairman of the bankrupted Reliance Communications, to pay approximately US$717 million to three Chinese banks within 21 days, pursuant to a Facility Agreement and a binding personal guarantee. The court also ruled the court costs of 750,000 pounds in favor of the claimant (Chinese banks), owed by the defendant.
By Winston Qiu SUNeVision Holdings Ltd. (“SUNeVision”), the owner of MEGA Campus and one of the largest data centre providers in Hong Kong, announced a new Microsoft Azure ExpressRoute site on MEGA Campus in Hong Kong. According to Microsoft, the new Microsoft Azure ExpressRoute site is located at Mega-iAdvantage, the #1 Data Centre in Hong Kong, as Misrosoft Azure ExpressRoute location Hong Kong2. Microsoft established its first Azure ExpressRoute location Hong Kong at Equinix HK1.
By PR Release March 09, 2020 Eastern Daylight Time-Zayo Group Holdings, Inc. (“Zayo”) (NYSE: ZAYO), which provides mission-critical bandwidth to the world’s most impactful companies, today announced the completion of its acquisition by affiliates of Digital Colony Partners (“Digital Colony”) and the EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”). The close marks the consummation of the $14.3 billion transaction, which represents the largest syndicated private equity investment, the fifth largest Media & Communications LBO and the second largest LBO overall since 2008.
By Winston Qiu According to telecompaper news, Telefonica is planning to split its submarine cables business from the rest of its infrastructure subsidiary Telxius, according to unnamed sources cited by Bloomberg and subsequently reported by El Economista. Telxius operates an 87,000 km international network of high capacity fiber optic subsea cables, including the latest MAREA and BRUSA cables.
By Winston Qiu HC2 Holdings, Inc. (HC2) announced Thursday to sell 100% of its subsidiary Global Marine Group (GMG) to an investment affiliate of J.F. Lehman & Company, LLC (JFLCO). The sale includes GMG’s operating subsidiary Global Marine Systems Limited (GMSL), along with several joint ventures, and excludes the previously sale of GMG’s 49% joint venture Huawei Marine Networks Co., Limited (HMN). The total base consideration for 100% of GMG (excluding HMN) is approximately $250 million, and the total enterprise value of GMG is approximately $390 million.
By Winston Qiu According to the French National Research Institue (IRD), scientists have for the first time shown that it is possible to detect the propagation of seismic waves on the seafloor using submarine telecommunications optical fiber cables. According to their research, this existing infrastructure could be used to detect earthquakes, as well as swell and underwater noise. The existing submarine cables will offer potential as billions of seismic sensors.
By Winston Qiu Ciena, Internet2, and Juniper Networks confirmed last successfully passing live traffic over a 1,367-mile (2200km) circuit using a single 400 gigabit Ethernet link between Chicago and Denver, the first such occurrence for an advanced research and education (R&E) network. The live traffic ran cleanly during a trial between StarLight in Chicago and SCinet at the SC Conference in Denver this week on the 400 gigabit Ethernet link connecting two Juniper PTX 10003 core routers.
By Winston Qiu AT&T announced last week the activation the first 400G optical connection between Dallas and Atlanta. This 400G optical connection is not a trial, it is carrying live internet traffic across AT&T's network for their customers. AT&T believes the 400G optical connection is a first in the industry, which offers a significant upgrade to their production network, built on flexible, low-cost white box hardware. The 400G Dallas/Atlanta facility was deployed on an SDN-enabled Ultra Long Haul (ULH) system from Ciena, with 400G pluggable transceivers from InnoLight and white box was supplied by UfiSpace.
By Winston Qiu Orange announced at AfricaCom the construction of a new international backbone network in West Africa. This infrastructure will be built around a terrestrial fibre optic network coupled with submarine cables and will benefit from centralized supervision. This multi-regional West African network will connect to the rest of the world through various submarine cables and will link up all the main capital cities in the region: Dakar, Bamako, Abidjan, Accra, Lagos…
By Winston Qiu Liquid Telecom announced on Wednesday the launch of the fastest direct land-based fibre link connecting East to West Africa. This breakthrough coast-to-coast digital corridor follows the completion of Liquid Telecom’s new high-capacity fibre link running 2,600-kilometre (km) across the Democratic Republic of Congo (DRC). Liquid Telecom continues expanding its pan-African terrestrial fibre network rapidly.
By Winston Qiu In a parntership with Ciena, Deutsche Telekom Global Carrier newly launched Encrypted Lambda service. The Encrypted Lambda service encrypts data on hardware located at the client’s site and protects it over Layer 1, the physical layer, while it is transmitted. This sets it apart from conventional solutions by allowing for larger data volumes with higher performance, lower costs and faster speeds.
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